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EEPOET 


OF  TilK 


/FF 

;/ 


INVESTIGATING  COMMITTEE 


fcmant  Oiratral  Eaitoair  €o. 


TO  THE  STOCKHOLDERS, 


JULY  1,  1853. 


BOSTON: 

PRESS  OF  GEORGE  C.  RAND,  No.  3 CORNHILL. 


3^6  5,  V 


\ T"  i ucr  '•\.VvcxTi  V O 


REPORT. 


At  a meeting  of  the  Stockholders  of  the  Vermont  Central  Railroad, 
held  at  Northfield,  Vt.,  on  the  5th  day  of  May,  1852,  it  was 

Voted,  “ That  a Committee  of  three  be  appointed,  with  full  powers  to 
make  and  conduct,  at  the  expense  of  this  Corporation,  a thorough  exam- 
ination of  all  the  transactions,  contracts  and  money  concerns  of  the  Com- 
pany, and  of  the  acts  of  those  persons  to  whom  its  affairs  have  been 
entrusted  ; and  to  this  end  to  employ  such  means  and  to  hire  such  assist- 
ance, as  they  may  think  necessary,  and  that  all  the  books,  papers,  docu- 
ments and  property  of  the  Company  be  submitted  and  open  to  the  inspection 
and  examination  of  said  Committee,  at  any  and  all  times  ; and  that  every 
officer  and  servant  of  this  Company  shall  render  such  aid,  assistance,  and 
information  to  the  Committee  as  shall  be  required ; and  that  said  Com- 
mittee shall  make  and  submit  to  the  Stockholders  a full  statement  of  the 
result  of  this  examination,  and  shall  report,  as  far  as  is  practicable,  the 
true  condition  of  the  affairs  of  the  Company,  its  prospects,  and  the  causes 
to  which  this  result  is  in  their  opinion  attributable,  and  upon  the  measures 
to  be  adopted  in  future  by  this  Company,  in  respect  to  its  management  and 
business  — it  being  our  intention  that  said  examination  and  report  may 
ensure  the  discovery  of  every  thing  that  is  faulty  in  the  premises,  and  the 
disclosure  of  every  thing  that  is  true.” 

Voted,  “ That  Wm.  Sohier,  Wm.  Raymond  Lee  and  Isaac  Hinckley 
be,  and  they  hereby  are,  appointed  the  Committee  under  the  preceding 
vote.” 


20a>17 


4 


The  Committee  to  whom  the  investigation  of  the  affairs  of  the 
Vermont  Central  Railroad,  was  thus  delegated,  commenced  their 
duties  on  the  11th  of  May,  1852 ; and  from  that  time  until  the 
present,  have  been  diligently  employed  in  its  discharge ; and  they 
have,  as  they  believe,  at  length  acquired  the  information  necessary  for  a 
full  disclosure  of  all  matters  of  interest  to  the  Stockholders,  indicated 
by  this  vote. 

The  Committee  are  fully  sensible  that  some  impatience  has  been  expressed 
at  the  length  of  time  during  which  this  report  has  been  in  preparation. 
But  it  will  be  recollected,  that  one  of  the  principal  objects  in  the  minds 
of  the  Stockholders,  which  led  to  the  appointment  of  this  Committee,  was  to 
ascertain  the  fidelity  with  which  the  afiairs  of  the  Corporation  had  been 
managed  by  its  officers,  with  particular  reference  to  the  personal  integrity 
with  which  the  officers  had  respectively  executed  the  trust  reposed  in  them. 
This  was  a delicate  task,  and  the  Committee  felt  it  to  be  incumbent  upon  them 
to  proceed  upon  this  branch  of  their  investigation  with  especial  care  and 
prudence.  Had  it  been  possible,  with  a due  regard  to  the  responsibihties 
attached  to  their  office,  and  to  the  known  desire  of  the  Stockholders  to 
obtain,  at  length,  accurate  information  of  the  value  of  their  investment,  for 
the  Committee  to  have  abridged  this  time,  or  to  have  limited  their  inquiry 
to  a smaller  number  of  topics  than  are  embraced  by  the  vote,  they  would 
most  gladly  have  done  so.  But  this  course  the  Committee  did  not  feel  at  lib- 
erty to  take  ; and  so  numerous  have  been  the  difficulties  in  which  they  have 
been  involved  in  their  investigation,  by  the  obscurity  in  the  history  of  the 
road  itself ; by  the  loss  of  a great  many  of  the  most  important  books  and 
papers  of  the  Company,  which  were  destroyed  by  the  several  fires,  at 
Windsor,  West  Alburg  and  Northfield ; by  the  intricacy  of  the  financial 
operations  of  the  Company,  and  by  the  want  of  system  in  the  mode  of  keep- 
ing account  books  and  vouchers  ; and  in  some  cases  by  the  entire  absence 
of  any  record  evidence  of  transactions  most  important  in  their  nature  ; that 
upon  a revision  of  their  labors,  the  Committee  are  disposed  to  congratulate 
themselves  upon  finishing  their  work  within  this  period,  rather  than  to 
apologize  for  the  consumption  of  so  much  time. 

The  Committee  determined,  after  an  examination  of  such  books  and 
papers  as  remained  in  the  several  offices  of  the  Corporation,  that  it  would  be 
necessary  entirely  to  reconstruct  the  accounts  of  the  Company  from  original 


sources,  in  order  to  present  any  reliable  balance  sheet  exhibiting  its  condi- 
tion and  the  result  of  its  financial  operations. 

An  advantage,  however,  has  resulted  to  the  Stockholders  from  the  length 
of  time  devoted  to  this  examination ; for  it  has  enabled  the  Committee  to 
extend  their  investigation  as  far  as  the  first  of  July  in  the  present  year, 
which  has  afforded  them  facilities  for  estimating  the  business  and  resources 
of  the  road,  and  its  future  prospects,  they  could  never  have  obtained, 
had  they  been  originally  limited  in  their  inquiry  to  the  business  of  past 
years.  During  this  period,  also,  many  events  have  occurred  highly  import- 
ant to  the  interests  of  the  road,  and  which  have  given  the  Committee 
better  opportunity  to  judge  of  the  past  management  of  the  Corporation,  than 
they  had  been  able  to  derive  from  any  other  source. 

The  Committee  have,  for  their  convenience,  classified  the  subjects  of 
investigation  under  this  vote,  as  follows : — 


FIRST. 

The  general  history  of  the  Vermont  Central  Railroad,  from  the  time  its 
Charter  was  granted  to  its  completion,  including  its  location. 

SECOND. 

The  Vermont  and  Canada  Railroad:  its  location;  its  connection 
with  the  Central ; the  Lease  under  which ' the  Central  now  holds  it ; 
and  to  what  extent  the  latter  has  furnished  the  money  required  to  build 
this  road,  and  how  far  and  in  what  manner  these  advances  have  been 
repaid. 


THIRD. 

The  capital  and  funded  debts  of  the  Vermont  Central  Railroad,  and 
herein : — 

A.  Its  Capital  Stock  : the  par  value  of  the  various  issues  of  its  Stock, 
and  how  far  this  Stock  has  been  paid  for. 

B.  Its  Bonds  ; their  respective  issues  ; the  mode  in  which  they  have 
been  disposed  of,  and  the  prices  realized  from  the  same. 


FOURTH. 


The  construction  of  the  Vermont  Central  Railroad  and  the  principal 
contracts  of  the  Corporation  relating  thereto ; the  cost  of  the  road, 
and  of  its  equipment,  and  their  present  value  ; the  losses  chargeable  to 
this  head,  and  herein  : — 

A.  The  loss  sustained  through  S.  F.  Belknap. 

B.  The  loss  sustained  through  Josiah  Quincy,  Jr. 

FIFTH. 

The  mode  in  which  the  accounts  and  records  of  the  Company  have  been 
kept. 

SIXTH. 

The  business  connection  of  the  several  officers  of  the  Vermont 
Central  Railroad  with  the  Corporation,  and  their  conduct  in  office. 

SEVENTH. 

The  assignment  of  the  Vermont  Central  Railroad,  and  the  Vermont 
and  Canada  Railroad,  to  the  Trustees  of  the  first  Mortgage  Bonds  ; 
the  reasons  for  this  assignment ; and  the  chancery  proceedings  insti- 
tuted by  the  Vermont  Central  Railroad  for  the  re-delivery  of  the 
roads. 

EIGHTH. 

The  assets  of  the  Vermont  Central  Railroad  ; their  present  value. 

NINTH. 

The  liabilities  of  the  Company  other  than  its  funded  debt. 

TENTH. 

The  earnings  from  traffic  upon  the  Vermont  Central  and  the  Vermont 
and  Canada  ; and  the  expenditures  incident  upon  working  these  Roads. 

ELEVENTH. 

The  future  prospects  of  the  Vermont  Central  and  Vermont  and  Canada 
Railroads  ; and  their  capacity  for  business. 


7 


FIRST. 

The  G-eneral  History  of  the  Vermont  Central  Railroad^  from  the  time 
its  Charter  was  granted  to  its  completion^  including  its  location. 

This  road  was  incorporated  by  the  Legislature  of  Vermont,  on  the  31st 
of  October,  1843,  under  a Charter  granting  large  and  extensive  powers,  as 
follows : 


AN  ACT  TO  INCORPORATE  THE  VERMONT  CENTRAL 
RAILROAD  COMPANY. 

It  is  hereby  enacted  by  the  General  Assembly  of  the  State  of  Vermont, 
as  follows : 

Sec.  1.  Such  persons  as  shall  hereafter  become  Stockholders  of  said 
Company,  are  constituted  a Body  Corporate  by  the  name  of  the  Vermont 
Central  Railroad  Company,  for  the  purpose,  and  with  the  right  of  building 
a railroad,  with  a single  or  double  track,  from  some  point  on  the  eastern 
shore  of  Lake  Champlain,  thence  up  the  valley  of  Onion  River,  and  ex- 
tending to  a point  on  Connecticut,  most  convenient  to  meet  a railroad, 
either  from  Concord,  New  Hampshire,  or  Fitchburg,  Massachusetts,  to 
said  river ; to  transport  and  carry  persons  and  property  upon  the  same,  by 
the  power  of  steam  or  otherwise,  as  said  Company  may  direct ; and  by 
that  name  they  and  their  successors  may  construct  and  build  a railroad, 
with  a single  or  double  track,  for  the  purpose  aforesaid  ; and  by  their  cor- 
porate name,  may  sue  and  be  sued,  and  may  have  a common  seal. 

Sec.  2.  If  said  Corporation  shall  not,  within  five  years,  complete  the 
survey  of  said  road,  and  within  seven  years  from  the  passage  of  this  act 
construct  and  finish  and  put  in  operation,  one  fourth  part  of  said  road,  and 
within  ten  years  from  the  passage  of  this  act,  construct  and  put  in  opera- 
tion one-half  of  said  road,  and  shall  not  within  twelve  years  from  the  pass- 
ing of  this  act,  complete  and  put  in  operation  the  whole  of  said  road,  then 
the  rights  and  powers,  granted  by  this  act,  shall  cease  for  such  parts  of 
said  road  as  shall  not  be  completed  within  the  several  periods  aforesaid. 


8 


but  shall  be  valid  for  such  parts  of  said  railroad  as  shall  be  completed 
within  the  said  periods  respectively. 

Sec.  3.  The  Capital  Stock  of  said  Company  shall  be  one  million  of 
dollars,  which  shall  be  divided  into  Shares  of  one  hundred  dollars  each, 
and  said  Company  may  increase  said  capital  to  such  amount  as  shall  be 
necessary  to  complete  said  road,  and  to  furnish  such  carriages,  and  all 
other  appurtenances,  for  the  convenient  and  profitable  use  of  said  road, 
and  such  additional  capital  shall  also  be  divided  into  shares  of  one  hun- 
dred dollars  each.  The  Shares  in  said  Company  shall  be  deemed  personal 
property,  and  may  be  transferred  in  such  manner  as  said  Company  shall 
by  their  By-Laws  direct ; and  when  any  share  or  shares  shall  be  attached 
on  any  process,  the  officer  serving  the  same  shall  leave  with  the  Clerk 
of  said  Company  an  attested  copy  of  such  process,  with  his  return 
thereon,  and  such  share  or  shares  may  be  taken  and  sold  on  execution,  in 
the  same  manner  as  other  personal  estate ; the  purchaser  causing  an  at- 
tested copy  of  said  execution,  and  the  officer’s  return  thereon,  to  be  left 
with  the  Clerk  of  said  Company,  within  twenty  days  aftp  said  sale,  and 
paying  for  the  recording  of  the  same,  all  the  right  of  the  Stockholder,  for 
whose  debt  the  same  was  sold,  shall  pass  to  the  purchaser  of  such  share  or 
shares.  When  any  officer,  duly  authorized,  shall  appear  at  the  office  of 
the  Clerk  of  said  Company,  for  the  purpose  of  attaching  any  share  or  shares 
in  said  Company,  or  for  the  purpose  of  levying  execution  thereon,  the  Clerk 
shall  produce  to  such  officer  the  books  of  said  Company,  so  far  as  to  enable 
such  officer  to  ascertain  the  number  of  Shares  owmed  by  the  debtor,  and 
shall  give  such  officer  a certificate,  in  his  official  capacity,  of  the  number  of 
Shares  owned  by  such  debtor,  with  the  dividends  due  thereon,  and  all  liens 
of  said  Company  on  such  Share  or  Shares. 

Sec.  4.  Charles  Paine,  John  Peck,  Wyllys  Lyman,  Daniel  Baldwin, 
E.  P.  Jewett,  Andrew  Tracy,  and  Levi  B.  Vilas,  shall  be  Commissioners, 
who  shall,  within  one  year,  at  some  suitable  places  in  Montpelier  and  Bur- 
lington, and  at  such  other  places  as  they  may  deem  proper,  open  books  for 
subscriptions  to  the  Capital  Stock  of  said  Company ; and  said  Commissioners 
shall  give  at  least  ten  days  notice  of  the  time  and  places  of  opening  said 
books,  by  publishing  the  same  in  one  or  more  of  the  newspapers  printed  in 


9 


such  places  as  they  shall  think  proper ; and  any  two  of  the  Commissioners 
shall  constitute  a Board  for  receiving  subscriptions  ; and  ever}^  person,  at 
the  time  of  subscribing,  shall  pay  to  said  Commissioners  five  dollars  on  each 
share  for  which  he  may  subscribe,  and  each  subscriber  shall  be  a member 
of  said  Company ; and  when  one  thousand  Shares  shall  be  subscribed,  or 
as  soon  thereafter  as  the  Commissioners  shall  deem  proper,  said  Commis- 
sioners m*ay  give  a like  notice  for  the  meeting  of  the  Stockholders,  at  such 
time  and  place  as  said  Commissioners  shall  appoint,  to  choose  seven  Direc- 
tors ; and  such  election  shall  then  be  made  by  the  Stockholders,  who  shall 
attend  for  that  purpose,  either  in  person  or  by  proxy  ; each  Share  of  said 
Stock  shall  entitle  a Stockholder  to  one  vote  ; said  Commissioners  shall  be 
inspectors  of  the  first  election  of  Directors,  and  shall  certify  the  names  of 
those  duly  elected,  and  deliver  to  such  Directors  the  books  of  subscription, 
and  all  sums  of  money  deposited  with  them  on  all  Shares  subscribed  as 
aforesaid  ; the  time  and  place  for  the  first  meeting  of  such  Directors  shall 
be  fixed  by  said  Commissioners  ; a new  election  shall  be  made  annually,  at 
such  time  and  place  as  the  Board  of  Directors  shall  appoint,  giving  thirty 
days  notice  thereof,  by  publication  in  the  newspapers  printed  at  Montpelier, 
and  such  other  papers  as  they  may  deem  proper.  Said  Directors  may 
appoint  an  Engineer  or  Engineers,  and  cause  such  examinations  and  surveys 
to  be  made,  as  may  be  necessary  to  enable  them  to  determine  upon  the  best 
line  or  route  for  said  road,  between  the  two  points  or  terminations  before 
mentioned  ; and  said  Directors,  or  a major  part  of  them,  after  such  exami- 
nations and  surveys  shall  be  made,  by  certificate  under  their  hands  and 
seals,  shall  designate  the  line  or  route  which  they  shall  deem  the  most  ad- 
vantageous for  said  road,  through  each  town,  which  certificates  shall  be  re- 
corded in  the  office  of  the  town  clerk  of  each  town  through  which  said  road 
shall  pass ; which  line  or  route  so  designated  and  certified,  shall  be  the  line  or 
route  on  which  said  Company  shalk^onstruct  and  make  their  single  or  double 
track,  as  hereinafter  mentioned  ; the  expenses  of  such  examinations  and  sur- 
veys, and  all  other  expenses  relating  thereto,  shall  be  paid  by  said 
Corporation. 

( 

Sec.  5.  The  Directors  chosen  at  the  meeting  aforesaid,  or  at  the  an- 
nual election,  as  soon  as  may  be  after  every  election,  shall  choose  out  of 
their  number  a President,  who  shall  preside  at  all  meetings  of  the  Board  of 


10 


Directors  and  of  the  Stockholders ; and  in  case  of  the  death  or  resignation 
of  the  President  or  any  director,  such  vacancy  may  be  filled  for  the  re- 
mainder of  the  year,  by  the  Board  of  Directors ; and  in  case  of  the 
absence  of  the  President,  the  Board  of  Directors  may  appoint  one  of  their 
number  President  ^yro  tempore^  who  shall  exercise  such  powers  as  the  By- 
Laws  of  said  Company  shall  prescribe. 

Sec.  6.  In  case  an  election  of  Directors  should  not  be  made  on  any 
day  as  provided  in  this  act,  said  Company  shall  not  thereby  be  dissolved, 
but  such  election  may  be  made  at  any  other  time,  directed  by  the  By-Laws 
of  said  Company. 

Sec.  7.  Four  Directors  shall  form  a Board,  who  shall  be  competent  to 
transact  all  the  business  of  said  Company  ; make  and  prescribe  such  By- 
Laws  and  regulations  as  shall  be  necessary  for  the  management  of  the  Cap- 
ital Stock,  and  all  other  property  of  said  Company,  the  transfer  of  Shares, 
the  duties  of  the  ofiicers  and  servants  of  the  said  Company,  the  election  of 
Directors,  and  all  other  matters  relating  to  the  business  of  said  Company ; 
they  may  also  appoint  a Clerk  or  Secretary,  and  Treasurer,  and  fix  their 
salaries,  and  the  salary  of  the  President.  Said  Corporation,  by  their  offi- 
cers or  servants,  may  enter  upon  such  line  or  route,  so  to  be  designated  as 
aforesaid  for  said  road,  to  lay  out  said  road,  not  exceeding  six  rods  in  width 
through  the  whole  length  of  said  line  or  route  ; and  said  Company  may 
enter  upon,  take  possession  and  use  all  such  lands  and  real  estate,  as  may 
be  necessary  for  the  construction  of  said  railroad,  and  the  accommodation 
requisite  and  appertaining  to  the  same  ; and  may  take  and  hold  all  such 
grants  and  donations  of  land  and  real  estate,  as  may  be  made  to  said  Com- 
pany, to  aid  in  the  construction,  maintenance  and  accommodation  of  said 
road. 

Provided,  that  all  lands,  or  other  real  estate,  thus  entered  upon  and 
used  by  said  Company,  which  have  not  been  granted  or  given  to  said  Com- 
pany, shall  be  purchased  by  said  Company  from  the  owners  of  the  same  ; 
and  in  case  of  disagreement  about  the  price  of  such  lands,  and  before  the 
making  of  any  portion  of  the  road  thereon,  any  two  of  the  Judges  of  the 
Supreme  Court,  upon  application  for  that  purpose  by  said  Company,  shall 
appoint  three  disinterested  Commissioners,  to  determine  the  damages  which 


11 


the  owner  or  owners  of  such  lands  or  real  estate  may  have  sustained,  or 
shall  be  likely  to  sustain,  by  the  occupation  of  the  same  for  the  purposes 
aforesaid,  and  upon  the  payment  of  the  damages  determined  upon  by  such 
Commissioners,  with  the  costs  and  charges  thereupon  accruing,  by  said  Com- 
pany, or  upon  said  Company  depositing,  in  such  bank  as  said  Commissioners 
shall  direct,  the  amount  of  such  damages,  with  the  cost  and  charges  afore- 
said, to  the  credit  of  the  person  or  persons  to  whom  such  damages  and 
costs  have  been  awarded  by  said  Commissioners,  such  bank  giving  notice 
personally  or  by  letter  through  the  post  office,  to  such  person  or  persons, 
that  such  deposit  has  been  made  by  said  Company,  said  Company  shall  be 
deemed  to  be  seized  and  possessed  of  all  such  lands  or  real  estate  as  shall 
have  been  appraised  by  said  Commissioners.  Said  Commissioners  shall 
give  three  days’  notice  to  the  occupants  or  owners  of  the  lands  to  be 
appraised,  of  the  time  and  place  when  and  where  they  will  attend  to  such 
appraisal,  and  when  such  appraisal  is  made,  they  shall  deliver  to  said  Com- 
pany a written  statement  of  the  same,  with  a description  of  the  land  or 
real  estate  so  by  them  appraised,  which,  within  sixty  days  thereafter,  said 
Company  shall  cause  to  be  recorded  in  the  town  clerk’s  office  of  the  town 
where  such  lands  or  real  estate  lie ; and  in  case  the  owner  of  lands  or  real 
estate,  taken  by  said  Company,  shall  be  a married  woman,  an  infant,  idiot 
or  insane,  or  shall  not  reside  in  the  state,  then  said  Company  shall  cause 
the  damages,  sustained  by  such  owners,  to  be  determined  in  the  manner 
above  prescribed,  and  shall  pay  the  same  to  the  owners  last  above  men- 
tioned, when  the  same  shall  be  lawfully  demanded,  with  the  interest  thereon 
at  the  rate  of  six  per  cent,  per  annum,  which  said  damages  and  the  inter- 
est thereon,  shall  be  a specific  lien  upon  the  real  estate  of  said  Company, 
and  shall  be  preferred  before  any  other  demand  against  said  Company  ; no 
application  shall  be  made  to  said  Commissioners  to  determine  damages 
which  may  be  sustained,  unless  made  within  three  years  from  the  time  of 
taking  said  land. 

Sec.  8.  Should  the  Company,  or  the  owner  of  any  land  or  materials, 
feel  aggrieved  by  the  decision  of  the  Commissioners,  either  party  may,  within 
ninety  da^  s after  the  making  of  such  decision,  appeal  to  the  County  Court, 
in  the  county  where  such  land  or  other  real  estate  lies  ; and  the  decision 
of  such  court  shall  be  final,  and  said  court  shall  tax  cost  for  either  partv, 
as  shall  be  just  and  equitable. 


12 


Provided,  that  to  settle  the  damages  which  the  construction  of  said  road, 
through  the  valley  of  Onion  River,  may  cause  to  the  Winooski  Turnpike 
Company,  the  Supreme  Court,  on  application,  shall  appoint  a disinterested 
Committee,  who,  after  giving  notice  to  the  Treasurers  of  both  Companies  of 
the  time  they  will  attend  to  the  duties  of  their  appointment,  shall,  upon 
examining  the  Charter,  books  and  road  of  said  Turnpike  Company,  appraise 
said  turnpike  road  and  the  chartered  privileges  of  said  Company,  without 
reference  to  the  cost  of  the  same  or  the  privileges  granted  by  this  Act,  at 
such  sum,  not  exceeding  eighteen  thousand  dollars,  as  they  shall  think  the 
same  to  be  worth  in  cash,  and  deliver  a certificate  of  their  appraisal  to 
the  Treasurer  of  said  Turnpike  Company,  and  also  to  the  Treasurer  of  said 
Railroad  Company,  which  appraisal  said  Railroad  Company  shall  cause  to  be 
made  before  laying  their  rails  in  any  part  of  the  Valley  of  Onion  River. 
And  said  Railroad  Company  shall  pay  to  the  several  Share-holders  in  said 
Turnpike  Company,  who  shall  deliver  to  the  Treasurer  of  said  Railroad  Com- 
pany an  assignment  of  their  shares  in  said  Turnpike  Company,  such  proportion 
of  said  appraised  value  of  said  Turnpike  Company’s  property  and  privileges 
to  which  they  may  be  respectively  entitled,  according  to  the  number  of  Shares 
owned  by  each  when  measured  by  the  wRole  number  of  Shares  in  said 
Company.  And  said  Railroad  Company  may  hold  said  Shares  so  assigned, 
and  vote  on  the  same  by  their  Treasurer,  at  all  meetings  of  said  Turnpike 
Company,  or  sell  the  same  at  pleasure.  And  on  complying  with  this  pro- 
vision, said  Railroad  Company  shall  not  be  subject  to  any  damages  or  liabil- 
ties  to  said  Turnpike  Company,  excepting  such  as  are  provided  for  in  sec- 
tion ten  of  this  Act. 

Sec.  9.  Said  Company  may  construct  and  use  one  or  more  tracks  of 
proper  width,  as  they  shall  determine,  on  the  route  designated  by  the  Direc- 
tors as  aforesaid,  and  may  regulate  the  time  and  manner  in  which  passen- 
gers and  property  shall  be  transported  on  the  same,  and  may  erect  and 
maintain  toll-houses  and  other  buildings  for  their  accommodation,  as  they 
may  deem  suitable. 

Sec.  10.  When  it  shall  be  necessary  in  the  construction  of  said  road 
to  cross  any  stream  of  water,  water-course,  road  or  way,  intersecting  said 
railroad  route  or  line,  said  Company  may  construct  said  railroad  across  or 
upon  the  same,  provided  said  Company  shall  restore  the  stream,  water- 


13 


course,  road  or  waj,  thus  intersected,  as  near  as  practicable  to  its  former 
state  and  usefulness,  to  the  acceptance  of  the  Selectmen  of  the  town  where 
the  same  is  situated,  or  in  case  of  their  refusal,  to  the  acceptance  of  the 
Commissioners  to  be  appointed  agreeably  to  the  provisions  of  section  seven 
of  this  Act.  Provided,  that  nothing  in  this  Act  shall  be  so  construed  as  to 
prevent  the  crossing  of  said  railroad  with  teams  or  otherwise,  in  such  man- 
ner as  not  to  injure  the  same. 

Sec.  11.  Said  Company  may,  from  time  to  time,  fix,  regulate  and 
receive  toll  and  charges  for  the  transportation  of  passengers  and  property 
upon  said  road.  Provided  that  the  Supreme  Court,  at  any  stated  session 
holden  in  the  county  of  Washington,  on  the  application  of  ten  freeholders 
in  any  town  or  towns  through  which  said  railroad  may  pass,  may  alter  or 
establish  the  rate  of  toll  upon  said  road,  for  a term  of  time  not  exceeding 
ten  years,  at  any  one  time,  in  such  manner  that  said  Company  shall  not 
receive  less  than  twelve  per  centum  per  annum  on  the  Capital  Stock,  over 
and  above  all  charges  and  expenses  of  said  Company. 

Sec.  12.  If  any  person  shall  wilfully  do,  or  cause  to  be  done,  anv  act, 
whereby  any  building,  engine,  machine  work,  or  anything  appertaining  to 
said  road,  shall  be  injured,  obstructed,  stopped,  or  destroyed,  such  person 
shall  forfeit  and  pay  to  said  Company  double  the  amount  of  damages  sus- 
tained by  means  of  such  offence,  to  be  recovered  in  the  name  of  said  Com- 
pany, with  costs,  by  an  action  of  debt,  and  shall  also  be  liable  to  indict- 
ment by  the  Grand  Jury  of  the  County  where  said  offence  shall  have  been 
committed,  and  be  punished  as  for  a misdemeanor. 

Sec.  13.  The  Directors  of  said  Company  may  require  the  payment  of 
the  sums  subscribed  to  the  Capital  Stock,  in  such  proportions  and  at  such 
times  as  they  shall  deem  best,  not  exceeding  ten  dollars  at  one  time,  and 
one  hundred  dollars  upon  any  one  Share,  under  the  penalty  of  forfeiture  of 
all  previous  payments  thereon  ; and  when  said  Directors  shall  require  the 
payment  of  any  portion  of  the  Capital  Stock  of  said  company,  they  shall  give 
at  least  thirty  days  notice  of  the  time  and  place  of  such  payment,  by  pub- 
lishing the  same  in  such  newspapers,  printed  at  Montpelier,  and  at  such 
other  places,  as  they  shall  deem  proper. 


14 


Sec.  14.  The  office  of  Secretary  or  Clerk  of  said  Company,  shall  be 
kept  in  this  State,  in  some  town  through  which  said  road  shall  pass. 

Sec.  15.  If  the  Directors  of  said  Company  shall  at  any  time  deem  it 
expedient  to  change  the  location  of  said  road  by  reason  of  damages  sus- 
tained by  freshets,  or  for  any  other  cause,  they  may  change  the  location  of 
such  parts  of  said  road  as  they  shall  deem  proper,  always  complying  with 
the  provisions  of  this  Act  in  relation  to  the  examination,  surveys,  and  desig- 
nation of  the  line  or  route  and  construction  of  said  road. 

Sec.  16.  Said  Company  may,  by  their  Engineers,  Agents  or  workmen, 
with  such  teams,  and  carriages,  and  tools  as  they  may  find  convenient, 
enter  upon  any  lands  contiguous  to  said  railroad,  or  the  works  connected 
therewith,  to  dig,  blast,  and  carry  away  and  use,  such  stone,  gravel,  earth 
and  other  materials,  as  maybe  necessary  for  building  or  reparing  said  road, 
doing  as  little  damage  thereby  as  the  nature  of  the  case  will  permit ; and 
in  case  damage  shall  be  claimed  by  the  owner  of  land  thus  entered  upon, 
and  for  the  stone,  gravel  and  other  materials  carried  away  as  aforesaid, 
and  the  owner  and  said  Company  do  not  agree  upon  the  sum  to  be  paid 
therefor,  the  same  shall  be  assessed  by  Commissioners,  in  the  manner  before 
prescribed  in  this  act ; and  all  persons  aggrieved  by  any  decision  of  said 
Commissioners,  shall  have  the  right  to  appeal  as  herein  before  provided. 

Sec.  17.  The  Stock,  property  and  effects  of  said  Company  shall  be 
exempt  from  all  taxes  levied  by  or  under  the  authority  of  this  State.  Pro- 
vided, that  if  at  the  expiration  of  ten  years  next  after  the  completion  of 
said  road,  the  nett  income  from  tolls  or  other  profits  (taking  the  said  ten 
years  as  the  basis  of  calculation,)  shall  have  amounted  to  more  than  ten 
per  centum  per  annum  upon  the  cost  of  construction,  the  Legislature  may 
reduce  the  rates  of  toll  and  other  profits,  in  such  manner  as  to  take  off  the 
surplus  for  the  next  ten  years,  calculating  the  amount  of  transportation 
upon  said  road  to  be  the  same  as  the  ten  preceeding  years ; and  at  the  end 
of  every  ten  years  thereafter,  the  same  proceedings  may  be  had  ; or 
instead  of  so  reducing  the  tolls  on  such  basis,  the  Legislature  may  require 
said  Company  to  pay  into  the  treasury  of  the  State  any  surplus,  provided 
the  Legislature  shall  not  at  any  time  so  reduce  the  tolls  or  other  profits  as 


15 


to  prevent  the  Stockholders  from  receiving  ten  per  centum  per  annum  upon 
the  cost  of  said  road  ; and  provided  also,  that  the  Legislature  may,  after 
the  expiration  of  twenty  years  from  the  opening  of  said  road  herein  pro- 
vided, purchase  of  said  Company  said  railroad,  and  all  franchises,  prop- 
erty, rights  and  privileges  thereto  belonging,  on  paying  therefor  the  amount 
expended  in  making  said  road,  the  expenses  of  repairs,  with  all  other 
expenses  incurred  about  the  same,  with  ten  per  cent,  interest  thereon, 
deducting  all  sums  received  by  said  Company  from  tolls  or  other  sources 
of  profit,  with  ten  per  cent,  interest  thereon,  received  by  the  Stock- 
holders. 

Sec.  18.  This  Act  shall  be  taken  and  deemed  to  be  a public  Act,  and 
shall  be  construed  favorably  and  beneficially  for  all  the  purposes  for  which 
the  same  is  enacted. 

Sec.  19.  The  Directors  of  said  Company  shall,  annually,  on  or  before 
the  third  Thursday  of  October,  make  a report  to  the  Legislature,  of  their 
proceedings,  receipts  and  expenditures,  and  their  books  shall  at  all  times 
be  open  to  the  inspection  of  a Committee  of  the  Legislature  appointed  for 
that  purpose. 

Sec.  20.  Nothing  in  this  Act  shall  authorize  said  Company  to  construct 
a railroad  in  the  Valley  of  Connecticut  river,  so  as  to  interfere  with  any 
railroad  that  may  hereafter  be  authorized  to  be  made  in  said  Valley. 

Approved  Oct.  31,  1843. 


Previous  to  this,  in  1835,  a Charter  had  been  obtained  to  construct  a 
railroad  under  the  name  of  the  Vermont  Central  Railroad,  but  this  charter 
appears  to  have  been  forfeited  for  non-compliance  with  its  provisions,  and 
to  have  no  relation  whatever  to  the  present  Corporation. 

By  the  records  of  the  present  Company,  it  appears  that  the  Board  of 
Directors  chosen  by  the  Stockholders,  met  at  Montpelier,  on  the  23d  of  July, 
1845,  and  elected  Charles  Paine,  of  Northfield,  as  President,  and  S.  H. 
Walley  Jr.,  of  Roxbury,  Mass.,  as  Treasurer.  At  this  time,  the  Board 


16 


received  from  the  Commissioners  named  in  the  Charter,  the  books  of  sub- 
scription to  the  Stock  of  the  Corporation ; and  it  appears  from  the  Records 
of  the  Directors,  that  they  then  received  from  the  hands  of  the  Commis- 
sioners the  money  previously  paid  in  by  subscribers  to  the  Stock. 

At  this  meeting  it  was  voted  to  increase  the  Capital  Stock  from  one  mil- 
lion of  dollars,  which  had  already  been  subscribed,  to  three  millions  of 
dollars ; and  to  receive  subscriptions  of  Stock  in  Shares  of  $100  each, 
until  this  sum  of  $3,000,000  had  been  subscribed.  An  assessment  of  five 
dollars  was  then  laid  upon  the  Shares  on  which  five  dollars  had  not  already 
been  assessed. 

Samuel  M.  Felton,  of  Charlestown,  Mass.,  was  appointed,  at  this  meet- 
ing, Chief  Engineer  of  the  road.  Various  other  acts,  to  which  it  is  unne- 
cessary here  to  call  especial  attention,  were  done,  at  that  time,  to  con- 
form with  the  requisitions  of  the  Charter. 

At  a subsequent  meeting,  on  the  28th  of  August,  1845,  the  Directors 
adopted  the  following  By-Laws  : — 


BY-LAWS  OF  THE  VERMONT  CENTRAL  RAILROAD 
‘ COMPANY. 

ANNUAL  MEETING  OF  THE  STOCKHOLDERS. 

1.  There  shall  be  a stated  meeting  of  the  Stockholders  of  the  Company 
on  the  third  Wednesday  of  July,  annually,  at  such  place  and  such  time  of 
that  day  as  the  Directors  shall  determine,  at  which  the  President  and  Clerk 
of  the  Board  of  Directors  shall  ofiiciate  as  President  and  Clerk  of  the 
Corporation ; and  in  case  of  the  absence  of  either,  the  vacancy  shall  be 
filled,  for  the  time  being,  by  the  Directors  or  Stockholders.  At  such  stated 
meeting  there  shall  be  elected  by  ballot,  from  the  Stockholders,  seven 
Directors,  each  of  whom  shall  hold  his  office  until  others  are  elected,  or 
until  he  ceases  to  be  a Stockholder : and  in  case  of  a failure  to  elect,  special 
meetings  shall  be  called,  in  the  mode  provided  in  Article  2,  until  an 
election  shall  have  been  made. 


# 


17 


NOTICE  OF  ANNUAL  AND  SPECIAL  MEETINGS. 

2.  Notice  shall  be  given,  by  the  President  or  Clerk,  of  the  time,  place, 
and  object  of  the  annual  meeting,  by  publication,  at  least  thirty  days 
before  the  time  appointed,  in  the  newspapers  printed  at  Montpelier,  and 
such  other  papers  as  the  Directors  shall  order.  Special  meetings  of  the 
Stockholders  shall  be  called  in  the  same  manner,  on  ten  days’  notice, 
whenever  the  Directors  shall  deem  necessary  ;-and  also,  whenever  any  ten 
or  more  Stockholders,  representing  at  least  two  hundred  thousand  dollars 
of  the  Capital  Stock  of  the  Company,  shall,  in  writing,  require  it  of  the 
President  and  Clerk. 

OFFICERS  OF  THE  COMPANY. 

3.  The  Directors  shall  choose  a President  and  a Clerk  of  their  Board, 
who  shall  also  be  President  and  Clerk  of  the  Company,  a Treasurer  of 
the  Company,  and  such  other  officers  or  agents  as  may  be  necessary,  who 
shall  hold  their  offices  for  the  term  of  one  year,  and  until  others  are  elected. 
Excepting  in  case  of  death,  resignation,  or  removal,  in  which  case  the 
vacancy  shall  be  filled  by  the  Board  of  Directors. 

OF  DIRECTORS. 

4.  The  Board  shall  hold  stated  Quarterly  Meetings  on  the  third  Thursday 
of  every  month  of  January,  April,  July,  and  October,  at  such  places  as 
the  President,  or,  in  his  absence,  two  Directors  shall  determine  ; and  ad- 
journed meetings  at  such  time  and  place  as  the  Directors  present  shall  order, 
in  case  a quorum'does  not  attend  the  stated  or  any  other  meeting.  Special 
meetings  may  be  called  at  any  time  and  place  by  the  President,  or  by  any  two 
Directors,  of  which  notice  shall  be  given  to  each  Director  by  the  Clerk,  or, 
in  case  of  his  absence,  sickness  or  delay,  by  the  President  or  any  two 
Directors. 

Not  less  than  four  Directors  shall  constitute  a quorum  ; and  in  case  of  a 
quorum,  all  the  powers  conferred  upon  the  Board  of  Directors  by  the 
Charter,  and  by  the  Stockholders,  may  be  exercised  by  a majority  of  those 
present ; provided^  that  to  fill  any  vacancy  in  the  Board,  the  consent  of 
two  thirds  of  the  Directors  remaining  in  office  shall  be  required ; but  until 
such  vacancy  shall  be  supplied,  the  remaining  Directors  may  exercise  all 
3 


18 


the  powers  of  a full  Board,  if  a quorum  is  present ; 'provided,  also,  that  a 
majority  of  the  whole  number  of  Directors  prescribed  by  the  Charter,  shall 
be  required  to  designate  the  line  or  route  of  the  road. 

The  President  and  any  two  members  of  the  Board  shall  constitute  an 
Executive  Committee,  to  do  all  things  required  for  the  interest  of  the  Com- 
pany in  the  interim  between  the  meetings  of  the  Board,  subject  to  the 
approval  of  the  Board  at  its  first  meeting,  to  which  the  Committee  shall 
report  in  writing. 

A Committee  of  two  Directors  shall  be  appointed  to  examine  and  audit 
the  accounts  of  the  President,  Treasurer,  and  Engineer  or  Engineers,  and 
Superintendent,  at  least  once  a month,  and  report  to  the  Board  at  their 
Quarterly  Meetings. 

No  sale  or  conveyance  of  any  property  of  the  Company  shall  be  made, 
until  expressly  authorized  by  a vote  of  the  Board. 

Whenever  a Committee  shall  be  appointed  by  the  Board,  the  Clerk  shall 
transmit  a transcript  of  the  business  referred  to  the  Chairman,  who  shall 
call  the  Committee  together,  and  their  report  shall  be  made  in  writing  to 
the  Board. 

No  business  shall  be  done  at  any  meeting  of  the  Board  until  the  record 
of  the  preceding  meeting  has  been  read  and  approved  : and  at  the  close  of 
each  meeting,  the  minutes  of  the  Clerk  shall  be  read. 

OF  THE  PRESIDENT. 

5.  In  addition  to  the  duty  of  presiding  at  the  meetings  of  the  Company 
and  of  the  Board,  the  President  shall  have  the  general  supervision  of  the 
affairs,  officers,  and  agents  of  the  Company,  and  may  at  any  time  call  the 
Executive  Committee  or  any  member  of  the  Board  to  his  aid : he  may  draw 
orders  upon  the  Treasurer  for  debts  due  from  the  Company,  subject  to  the 
approval  of  any  two  members  of  the  Board,  and  report  his  proceedings  in 
writing  to  the  Board  at  each  meeting,  and  make  such  suggestions  as  in  his 
opinion  the  interests  of  the  Company  may  demand. 

OF  THE  CLERK. 

6.  The  Clerk  shall  be  sworn  to  the  faithful  discharge  of  his  duties  by  a 
Justice  of  the  Peace,  or  other  magistrate,  and  his  oath  shall  be  entered  upon 
the  record  of  the  Directors,  with  the  signature  of  the  magistrate  : he  shall 


19 


attend  all  meetings  of  the  Company  and  Directors,  and  keep  records  of  their 
proceedings  in  separate  books,  and  shall  perform  all  the  duties  required  by 
the  Charter  and  the  By-Laws.  In  his  absence  a Clerk  pro  tempore  shall  be 
appointed  by  the  Directors,  who  shall  be  sworn,  and  perform  all  the  duties 
of  the  Clerk  for  the  time  being. 

OF  THE  TREASURER. 

7.  The  Treasurer  shall  give  bonds  to  the  Corporation,  with  sureties,  to 
the  satisfaction  of  the  Directors,  in  the  penal  sum  of  not  less  than  thirty 
thousand  dollars  for  the  faithful  discharge  of  his  trust,  to  be  lodged  with  the 
President  of  the  Company.  He  shall  have  an  office  in  such  place  as  the 
Directors  shall  determine,  accessible  to  all  persons  having  business  with  the 
Corporation,  and  to  its  officers  and  agents  ; shall  keep  all  deeds,  promissory 
notes,  and  valuable  papers  of  the  Company,  shall  collect  all  assessments 
and  money  due  the  Company,  and  disburse  the  same  as  the  Board  of 
Directors  shall  order ; surrender  notes  or  promissory  papers  on  payment 
thereof,  and  discharge  mortgages  concerning  the  same ; and  keep 
books  containing  the  accounts  of  the  Company,  and  of  all  its  funds  that 
may  pass  through  his  hands.  He  shall  lay  before  the  Directors  at  each 
stated  meeting  a written  statement  of  all  notes,  drafts,  promises,  and 
contracts  made,  signed,  endorsed,  or  surrendered  by  him  since  their 
last  stated  meeting  ; of  all  money  received  and  expended  ; of  all  property 
bought  and  sold,  and  all  other  matters  which  he  or  the  Board  of  Directors 
may  deem  important.  He  shall  make  a complete  settlement  of  the  accounts 
and  books  annually,  and  as  much  oftener  as  the  Board  of  Directors  shall 
require,  and  shall  advise  what  dividends  of  profits  may  be  made.  He  shall 
assist  in  the  preparation  of  the  annual  report  of  the  Directors  to  the  Legis- 
lature of  their  proceedings,  receipts  and  expenditures  ; and  shall  make  an 
annual  report  of  the  state  of  the  Treasury,  including  a schedule  of  debts 
due  from  the  Company  to  the  Stockholders  at  their  stated  meeting.  He 
shall  deposit  to  his  credit,  as  Treasurer  of  the  Company,  in  such  bank 
or  banks  as  the  Board  of  Directors  may  select,  all  money  received  by  him. 
He  shall  issue  Certificates  of  Stock  to  all  persons  entitled  thereto,  and  keep 
books  showing  the  number  of  Shares  held  by  the  respective  Stockholders, 
and  the  dividends  due  : and  shall  perform  all  other  duties  which  the  Direc- 
tors may  reasonably  require. 


20 


OF  ENGINEERS. 

8.  The  Engineer  or  Engineers  shall  lay  out  the  road,  and  construct  the 
same  in  all  respects  pursuant  to  the  instructions  of  the  Board  of  Directors  ; 
shall  deliver,  to  the  Board,  at  each  stated  meeting,  written  estimates  and 
reports  concerning  the  construction  and  use  of  the  road,  and  all  things 
relating  thereto,  with  all  his  or  their  proceedings,  and  shall  faithfully  per- 
form all  other  duties  of  the  office  assigned  by  the  Board  of  Directors.  The 
Chief  Engineers  may  make  requisitions  upon  the  Treasurer,  by  Drafts,  for 
debts  due,  for  work  done  for  the  Company ; wffiich  Drafts,  when  approved 
by  the  President,  shall  be  paid  by  the  Treasurer. 


SEAL. 

9.  The  seal  of  the  Company  shall  be  kept  by  the  Treasurer,  and  shall  be 
in  form  following,  viz  : the  Corporate  name  of  the  Company  on  the  outer 
circle,  with  the  initials  in  cipher,  in  the  centre,  and  1843  beneath. 

ASSESSMENTS. 

10.  Wlienever  the  Board  of  Directors  shall  have  ordered  an  assessment  on 
the  Shares  of  the  Corporation,  the  Treasurer  shall  give  notice  of  the  same, 
and  of  the  time  and  place  payable,  in  such  newspapers  printed  at  Mont- 
pelier, and  at  such  other  places  as  the  Directors  may  order,  at  least  thirty 
days  before  the  day  fixed  for  the  payment  thereof. 

STOCK  CERTIFICATE. 

11.  Each  Stockholder  shall  be  entitled  to  a Certificate  of  his  Stock,  when 
paid  in  full,  signed  by  the  President,  countersigned  by  the  Treasurer,  and 
authenticated  by  the  seal  of  the  Company : and  the  Certificate  shall  be  in 
the  form  following: 


No. 

Vermont  Central  Railroad  Company. 
Shares.  ^ 


Be  it  known,  that  the  proprietor  of 

Shares  in  the  Capital  Stock  of  the  Vermont  Central 


21 


Railroad  Company,  which  transferable  only  on  the  boohs  of  the  Com- 
pany by  or  attorney,  on  surrender  of  this  Certificate. 


In  witness  whereof,  the  President  and  Treasurer  have  hereunto  set  their 
hands  and  affixed  the  seal  of  the  Company  this  day  of 

18 

[L.  S.]  President. 

Treasurer. 


TRANSFERS. 

12.  All  transfers  of  Shares  shall  be  in  the  form  following  : — 

Vermont  Central  Railroad  Company. 

Shares.  No. 

For  value  received,  the  undersigned  transfers  to 
Shares  in  the  Capital  Stock  of  the  Vermont  Central  Railroad  Company,  sub- 
ject  to  legal  assessments,  and  to  the  By-Laws  of  the  Corporation.' 

Dollars  paid  on  each  Share  : old  Certificate  No.  Received 

Certificate  No.  according  to  the  above  transfer. 

Boston,  18 


And  shall  be  recorded  by  the  Treasurer  in  books  to  be  kept  in  his  office, 
or  by  some  person  duly  authorized,  in  books  to  be  kept  at  such  other  places 
as  the  Directors  may  designate.  On  the  receipt  of  such  transfer,  and  of 
the  original  Certificate,  a new  Certificate  or  Certificates  shah  be  issued  to 
the  person  entitled  to  the  same  : and  receipts  shall  be  given  to  the  Treas- 
urer for  all  Stock  Certificates  received  of  him. 

NOTES. 

13.  Every  promissory  note  made  in  behalf  of  the  Company,  shall  be 
signed  by  the  Treasurer,  after  having  been  approved  by  two  Directors. 


22 


DEEDS,  &C. 

14.  All  deeds,  conveyances,  mortgages  and  leases  shall  be  executed  and 
acknowledged  by  the  President,  countersigned  by  the  Treasurer,  and 
authenticated  by  the  seal  of  the  Company. 

ALTERATIONS. 

These  By-Laws  shall  not  be  altered  or  amended  except  at  a meeting  of 
the  Directors,  notice  having  been  previously  given  to  each  Director  that 
alterations  will  be  proposed  to  the  By-Laws  at  said  meeting  ; and  with  the 
assent  of  a majority  of  the  whole  Board  of  Directors. 

At  a meeting  held  November,  1851,  it  was 

Voted,  that  hereafter  no  note  or  obligation  of  the  Company,  (with  the 
exception  of  the  President’s  drafts  on  the  Treasurer,  or  the  mortgage  bonds) 
be  issued  by  the  Treasurer  until  the  same  is  approved  on  its  face  by  one  or 
more  members  of  the  Finance  Committee. 

These  By-Laws  continue  in  force  until  the  present  day,  with  no  material 
alterations,  excepting  that  the  13th  (relating  to  the  issue  of  promissory 
notes,  which,  under  this  By-Law  were  to  be  signed  by  the  Treasurer,  and 
approved  by  two  Directors,)  was  repealed  on  the  30th  August,  1849,  at 
the  time  Mr.  Josiah  Quincy,  Jr.,  as  Treasurer,  entered  upon  the  duties 
of  his  office,  to  which  he  had  been  previously  elected.  It  was  then  Voted, 
“ That  the  thirteenth  By-Law  be,  and  is  hereby  repealed.”  And  also 
Voted,  ‘‘  That  any  notes  and  drafts  signed,  endorsed  or  accepted  by  Josiah 
Quincy,  Jr.,  as  Treasurer,  shall  be  binding  upon  this  Company.”  These 
votes,  however,  were,  in  effect,  repealed  by  a vote  of  the  Directors  passed 
November  15,  1851,  as  follows:  — ‘‘  Voted,  That  hereafter  no  note  or 
obligation  of  the  Company  (with  the  exception  of  the  President’s  drafts  on 
the  Treasurer,  or  the  mortgage  bonds,)  be  issued  by  the  Treasurer,  until 
the  same  is  approved,  on  its  face,  by  one  or  more  members  of  the  finance 
committee.” 

At  the  meeting  of  the  Directors,  on  the  28th  of  August,  1845,  before 
referred  to,  a Committee  was  appointed  with  full  powers  to  make  surveys 
of  the  road  between  Burlington  and  the  Canada  line.  At  a subsequent 


28 


meeting  held  on  the  next  day,  the  Directors  authorized  the  Executive  Com- 
mittee to  contract  for  engines,  cars,  and  iron  rails. 

From  time  to  time  various  acts  were  done  by  the  Directors  to  locate 
their  road  within  the  limits  prescribed  by  the  Charter. 

Subsequently,  on  the  3d  of  November,  1845,  a “ public  meeting  ” was 
held  at  Montpelier  to  obtain  information  relative  to  the  “ Northfield  ” and 
“ Gulf’’  routes,  so  called,  which  resulted  in  the  decision,  to  have  a survey 
made  of  each  route,  with  an  estimate  of  the  cost  of  adopting  the  same  ; 
and  it  was  then  voted  by  the  Directors,  that  in  case  they  should  be  unable 
unanimously  to  agree  upon  the  selection  of  either  route,  another  “ public 
meeting”  should  be  held,  and  “ the  whole  matter  subjected  to  the  scrutiny 
of  all  parties  interested”  ; which  proceeding  on  the  part  of  the  Directors 
“ was  voted  unanimously  by  the  persons  present,  on  the  motion  of  Thomas 
Read,  Esq.,  of  Montpelier,  to  be  to  them  satisfactory.” 

At  a subsequent  meeting  of  the  Directors,  held  on  the  6th  of  the  same 
November,  Mr.  Felton,  the  Engineer  of  the  road,  and  six  of  the  resident 
Engineers  (Messrs.  Brown,  Chase,  Beckwith,  Campbell,  Chesborough,  and 
Dana,)  made  reports  upon  the  respective  advantages  of  these  two  routes. 
Whereupon  a motion  was  made  to  locate  the  road  through  Northfield : 
Messrs.  Paine,  Baldwin,  and  Langdon  declined  to  vote  on  this  question, 
as  being  interested  parties  ; this  act  on  their  part,  leaving  the  Board 
without  a quorum,  the  motion  was  withdrawn.  It  was  then  voted  to  refer 
certain  proposals  which  had  been  made  meantime  for  the  grading  of  the 
road  to  Messrs.  Lewis,  Foster,  and  Felton,  with  instructions  “ to  obtain 
all  necessary  information  for  the  future  action  of  the  road  in  relation 
thereto.” 

The  subject  of  the  Northfield  and  Gulf  routes  occupied,  for  some  time, 
the  earnest  attention  of  the  Directors  : their  inquiries  seem  to  have  been 
made,  with  a desire  to  arrive  at  a true  estimate  of  the  merits  of  each  ; and 
at  a meeting  held  in  Boston,  January  16,  1846,  the  Chief  Engineer,  Mr. 
Felton,  made  a report  of  his  re-survey  of  these  routes  ; (which  had  been 
ordered  meanwhile,)  and  a Committee  of  the  Stockholders  and  citizens  of 
Montpelier  and  its  vicinity,  were  heard,  at  their  request,  in  relation  to  the 
location  of  the  road  through  their  town.  This  report  of  Mr.  Felton  was 
printed  in  pamphlet  form,  and  copies  of  it  were,  at  or  about  the  time  of  its 
publication,  distributed  among  the  Stockholders. 


24 


On  the  ITth  of  the  same  January,  the  location  of  the  road  from  the  mouth 
of  the  Dog  River,  on  the  north  side  of  the  Winooski  River,  was  decided 
upon,  subject  to  a modification,  which,  if  adopted,  might  carry  the  road 
through  the  town  of  Montpelier  ; and  at  the  same  meeting,  the  report  of 
the  Chief  Engineer  of  his  re-survey  of  the  Northfield  and  Gulf  routes, 
before  alluded  to,  was  finally  acted  upon  and.  adopted  ; which  action  the 
Committee  consider  to  have  been  final  on  the  subject.  The  entry  in  the 
Directors’  records  being  to  the  elfect  that  ‘‘  The  board  resumed  considera- 
tion of  the  Report  yesterday,  made  by  the  Chief  Engineer,  on  the  re-surveys 
of  the  Gulf  and  Northfield  routes  ; whereupon  said  Report  was  accepted 
and  adopted.” 

At  the  same  meeting,  the  President,  subsequent  to  the  adoption  of  this 
Report,  submitted  to  the  Board  an  application  personally  made  to  him  on 
the  31st  day  of  December,  by  two  Directors,  “that  one  of  the  Sub-Engineers 
and  liis  party  should  be  placed  under  their  direction,  for  the  purpose  of 
surveying  the  Gulf  route,”  together  with  his  reply  of  the  same  date, 
declining  to  accede  to  this  request,  and  the  Board  approved  this  reply  on 
the  part  of  their  President. 

On  the  16th  April,  1846,  the  Chief  Engineer  made  a report  in  reference 
to  the  lines  of  the  road  surveyed  into  Montpelier  ; and  at  a meeting  held 
at  this  time,  it  Avas  voted  by  the  Directors,  “ that  that  part  of  the  line  of  the 
road  located  into  Montpelier  be  adhered  to,”  but  no  connection  appears  to 
exist  between  this  location  and  the  “ Gulf  route  ” so  called.  On  the  con- 
trary, the  location  thus  made  into  Montpelier  is  believed  to  be  in  continua- 
tion of  the  present  route  through  Northfield,  by  a branch  from  the  village 
of  Berlin,  although  that  fact  does  not  appear  upon  the  records. 

On  the  16th  November,  1846,  the  location  of  the  road  through  Mont- 
pelier was  again  discussed,  and  the  subject  was  then  referred  to  the  Presi- 
dent, with  instructions  to  cause  further  surveys  to  be  made  between 
Montpelier  and  Scovell  Bridge  in  Berlin.  On  the  4th  June,  1847,  it  was 
voted  at  a meeting  of  the  Directors,  that,  “ at  the  next  meeting  the  location 
of  the  road  into  Montpelier  should  be  determined,”  but  the  only  action  in 
reference  to  this  matter  at  the  next  meeting  appears  to  be  confined  to  an 
authority  given  the  President  to  purchase  certain  land  in  Montpelier,  for 
Depot  purposes ; Avhilst  a branch  road  was,  in  fact,  at  or  about  that  time, 
located  from  Berlin  to  Montpelier,  as  has  before  been  suggested. 


25 


The  Committee  have  been  particular  in  their  inquiries  in  respect  to  these 
locations,  as  it  is  a topic  to  which  the  attention  of  the  public  has  been 
particularly  called  ; and  especially  because  the  selection  of  the  Northfield 
route  has  given  rise  to  imputations  of  a personal  character  against  the 
parties  interested  in  the  location  finally  adopted  by  the  Company.  Shortly 
after  their  appointment,  the  Committee  personally  examined  the  defile 
through  the  mountains,  known  as  the  “ Gulf  route,”  and  from  the  character 
of  the  ground,  and  the  difficulties  it  presented,  in  an  engineering  point  of 
view,  to  the  construction  of  a railroad  through  it,  they  feel  justified  in 
sustaining  the  judgment  and  decision  of  the  Directors  in  rejecting  that 
route,  and  adopting  the  route  through  Northfield.  The  Committee  feel 
that  they  might  fairly  criticise  the  location  in  the  town  of  Burlington,  but 
as  this  location  involved  no  private  interests  of  the  officers  of  the  road,  of 
which  the  Committee  are  aware,  and  as  the  construction  of  the  Vermont 
and  Canada  Railroad  between  Burlington  and  West  Alburg  was  then 
contemplated,  and  a Charter  therefor  had  been  actually  obtained,  which  had 
undoubtedly  a controlling  influence  upon  the  minds  of  the  Directors ; the 
Committee  are  not  prepared  to  pass  any  censure  upon  them  on  this 
account,  for  they  admit  that  the  selection  of  a proper  location  was 
attended  with  much  difficulty.  The  branch  road  which  now  con- 
nects Burlington  with  the  main  road  at  Essex  Junction,  is  certainly  in 
every  point  of  view,  whether  we  consider  its  cost,  or  the  character  of  its 
gradients,  an  expensive  structure ; but  if  its  construction  be  (as  the  Com- 
mittee are  willing  to  believe)  in  compliance  with  the  Charter  of  the  Vermont 
and  Canada  Railroad,  possibly  this  outlay  was  justifiable. 

The  Vermont  Central  Railroad,  as  finally  located,  extends  from  the 
western  side  of  the  Connecticut  River  in  the  town  of  Windsor,  Vt.,  to  the 
shore  of. lake  Champlain,  at  Burlington.  It  passes  through  the  towns  of 
Hartland,  White  River,  Woodstock,  West  Hartford,  Sharon,  Royalton, 
Bethel,  Randolph,  Braintree,  Roxbury,  Northfield,  and  Berlin  ; thence  by 
a branch  it  connects  with  Montpelier.  From  Berlin  it  passes  through 
Middlesex,  Waterbury,  Bolton,  Richmond,  Williston,  Essex,  (where  it 
connects  with  the  Vermont  and  Canada,)  and  Winooski,  and  terminates 
in  Burlington. 


4 


26 


SECOND. 

The  Vermont  and  Canada  Railroad,  Its  Location,  Its  Connection 
witli^  and  the  Lease  under  which  it  is  held  hy  the  Vermont  Central;  and  to 
what  extent  the  latter  has  furnished  the  money  recfLired  to  huild  this  road, 
and  how  far,  and  in  ivhat  manner  these  advances  have  been  repaid. 


The  Vermont  and  Canada  Railroad  was  built  under  the  following 
Charter,  obtained  from  the  Legislature  of  Vermont,  in  the  year  1845. 


AN  ACT  TO  INCORPORATE  THE  VERMONT  AND  CANADA 
RAILROAD  C0:MPANY. 

Sec.  1.  It  is  hereby  enacted,  &c.,  That  Benj.  Swift,  John  Smith, 
Lawrence  Brainerd,  William  0.  Gadcomb,  Victor  Atwood,  Abel  Houghton, 
Gardner  G.  Smith,  Romeo  H.  Hoyt,  Samuel  W.  Keyes,  Stephen  S.  Keyes, 
Timothy  Foster,  George  Green,  Bradley  Barlow,  Peter  Chase,  Jacob 
Wead,  William  Green,  Hiram  Bellows,  Homer  E.  Hubbell,  Isaac  Patrick 
Clark,  Alvah  Sabin,  Joseph  Clark,  Albert  G.  Whittemore,  Daniel  H. 
Onion,  Oscar  A.  Burton,  Horace  Eaton,  William  Clapp,  and  Asa  Owen 
Aldis,  and  their  associates  and  successors,  are  constituted  a Corporation, 
by  the  name  of  the  Vermont  and  Canada  Railroad  Company,  for  the  pur- 
pose and  with  the  right,  of  building  a Railroad,  with  a single  or  double 
track,  from  some  point  in  Highgate,  on  Canada  line,  thence  through  the 
village  of  St.  Albans,  to  some  point  or  points  in  Chittenden  County,  most 
convenient  for  meeting,  at  the  village  of  Burlington,  a Railroad  to  be  built 
on  the  route  described  in  the  Act  to  Incorporate  the  Champlain  and  Con- 
necticut River  Railroad  Company,  and  to  some  point  or  points  in  Chitten- 
den County  most  convenient  for  meeting  a Railroad  to  be  built  on  the 
route  described  in  the  Act  to  incorporate  the  Vermont  Central  Railroad 
Company,  and  with  the  right,  and  for  the  further  purpose,  of  extending  a 
Railroad  from  any  point  in  the  aforesaid  route  to  some  point  on  the  western 


27 


shore  of  Grand  Isle  County,  passing  across  the  sand-bar  to  South  Hero,  as 
the  said  Company  may  hereafter  designate  ; to  carry  persons  or  property 
on  the  said  Road,  by  the  power  of  steam,  or  otherwise,  and  by  that  name 
may  sue  and  be  sued,  may  have  a seal,  and  shall  have  all  the  rights  inci- 
dent to  Corporations. 

Sec.  2.  If  the  Company  shall  not  within  five  years  commence  the  con- 
struction of  the  Road,  and  shall  not  within  thirteen  years  complete  and  put 
in  operation  said  road,  connecting  the  Railroads  to  be  built  by  the  Cham- 
plain and  Connecticut  River  Railroad  Company  and  by  the  Vermont  Cen- 
tral Railroad  Company,  with  Canada  line,  then  this  Corporation  shall  cease, 
and  this  Act  be  void  : Provided^  that  if  either  of  the  Railroads  to  be  built 
by  the  Champlain  and  Connecticut  River  Railroad  Company,  or  by  the 
Vermont  Central  Railroad  Company,  shall  fail  to  be  built  and  completed, 
then  this  Company  shall  not  be  required  to  build  to  the  points  of  connec- 
tion with  such  Road  so  failing  to  be  built ; and  this  Company  shall  have  at 
least  three  years  after  such  Roads  are  completed,  to  connect  with  them  as 
aforesaid. 

, Sec.  3.  The  Capital  Stock  of  the  Company  shall  be  one  million  of  dol- 
lars, which  may  be  increased  by  the  said  Company  to  an  amount  sufficient 
to  complete  the  Road,  and  furnish  carriages  and  necessary  apparatus  for 
the  convenient  and  profitable  use  of  the  Road,  which  Capital  shall  be  divid- 
ed into  shares  of  one  hundred  dollars  each,  and  shall  be  deemed  personal 
property,  and  be  transferable  in  such  manner  as  the  Company  shall,  by 
their  by-laws  direct. 

Sec.  4.  Samuel  W.  Keyes,  Stephen  S.  Keyes,  Abel  Houghton,  Law- 
rence Brainerd,  John  Smith,  Hiram  Bellows,  Joseph  Clark,  Lemuel  B. 
Platt,  and  Daniel  H.  Onion,  shall  be  Commissioners  whose  duty  it  shall  be, 
within  five  years  to  open  books  for  receiving  subscriptions  to  the  Capital 
Stock  of  the  said  Company,  at  some  convenient  places  in  Franklin  and 
Chittenden  and  Grand  Island  Counties,  and  in  such  other  places  as  they 
may  deem  proper  ; and  twenty  days’  notice  shall  be  given  by  them  of  the 
time  and  place  of  opening  the  said  books,  by  publishing  the  same  in  some 
newspaper  printed  in  each  of  the  counties  of  Chittenden  and  Franklin ; 


28 


and  when  one  thousand  shares  shall  be  subscribed,  or  as  soon  thereafter  as 
the  Commissioners  shall  direct,  the  Commissioners  may  give  a like  notice 
for  the  meeting  of  the  Stockholders,  at  such  time  and  place  as  the  Com- 
missioners may  appoint,  to  choose  seven  Directors,  and  such  election  shall 
then  be  made  by  the  Stockholders  who  may  attend  for  that  purpose,  either 
in  person  or  by  proxy  ; each  share  of  the  Stock  shall  entitle  a Stockholder 
to  one  vote  ; the  Commissioners  shall  be  Inspectors  of  the  first  election  of 
Directors,  and  shall  certify  the  names  of  those  duly  elected,  and  deliver  to 
such  Directors  the  books  of  subscription,  and  all  sums  of  money  deposited 
with  them  on  all  shares  subscribed  as  aforesaid  ; the  time  and  place  for  the 
first  meeting  of  the  Directors  shall  be  fixed  by  the  Commissioners ; a new 
election  shall  be  made  annually,  at  such  time  and  place  as  the  Directors 
shall  appoint,  giving  thirty  days  notice  thereof  in  one  newspaper  printed  in 
each  of  the  counties  of  Franklin  and  Chittenden,  and  in  such  other  papers 
as  they  may  deem  proper.  The  Directors  may  cause  such  examinations 
and  surveys  of  the  said  Road  to  be  made,  as  may  be  necessary  to  enable 
them  to  determine  upon  the  best  route  for  a road  between  the  points  men- 
tioned ; and  the  Directors,  or  a major  part  of  them,  after  such  examinations 
and  surveys  shall  be  made,  shall  designate  the  route  which  they  shall  deem 
the  most  advantageous  for  the  Road  through  each  town,  and  make  a certifi- 
cate thereof,  under  their  hands  and  seals,  and  cause  the  certificate  to  be 
recorded  in  the  town  Clerk’s  ofiice  in  each  town  through  which  the  road 
shall  pass  ; which  route  so  designated  and  certified,  shall  be  the  route  on 
which  the  Company  shall  construct  and  make  their  single  or  double  track. 
And  the  Corporation,  from  time  to  time,  may  make  such  alterations  in  the 
course  of  the  Road  as  they  may  deem  expedient,  causing  a certificate  of 
the  same  to  be  recorded  in  the  office  of  the  town  Clerk  of  each  town  in 
which  the  alteration  is  made,  the  expenses  of  which  surveys,  and  all  inci- 
dental expenses  relating  thereto,  shall  be  paid  by  the  Corporation. 

Sec.  5.  The  Directors  shall  elect  from  their  own  number,  a President 
and  Vice  President ; the  President,  or  in  case  of  his  absence,  death,  or 
inability,  the  Vice  President,  shall  preside  at  all  meetings  of  the  Directors 
and  Stockholders,  and  in  case  of  the  death  or  resignation  of  the  President, 
or  any  Director,  the  vacancy  may  be  filled  for  the  remainder  of  the  year, 
by  such  person,  being  a Stockholder,  as  the  Directors  shall  choose. 


29 


Sec.  6.  If  an  election  of  Directors  should  not  be  made  on  any  day,  as 
provided  in  this  Act,  the  Company  shall  not  thereby  be  dissolved,  but  such 
election  may  be  made  at  any  other  time  directed  by  the  by-laws  of  the 
Company,  and  the  old  Directors  shall  hold  their  offices  until  new  ones  are 
elected. 

Sec.  7.  Four  Directors  shall  form  a Board,  who  shall  be  competent  to 
transact  all  the  business  of  the  Company ; who  may  make  such  By-Laws 
and  regulations  as  may  be  necessary  for  the  management  and  disposition 
of  the  Stock,  Property,  and  Effects  of  the  Corporation,  the  transfer  of 
Shares,  the  duties  and  conduct  of  their  officers  and  servants,  the  election 
of  Directors,  and  for  all  other  matters  relating  to  the  Company,  and  may 
appoint  a Clerk  and  Treasurer,  and  fix  their  salaries,  and  the  salary  of  the 
President  and  other  officers  and  servants  of  the  Company.  The  Treasurer 
shall  give  Bonds  to  the  Corporation,  with  sureties,  to  the  satisfaction  of  the 
Directors,  in  a sum  not  less  than  twenty  thousand  dollars,  for  the  faithful 
discharge  of  his  trust.  The  Corporation,  by  their  officers  or  servants,  may 
enter  upon  the  route  so  designated  for  said  Road,  to  lay  out  the  Road,  not 
exceeding  six  rods  in  width,  through  the  whole  length  of  the  route ; may 
enter  upon,  take  possession  of,  and  use  all  such  lands  and  real  estate  as 
may  be  necessary  for  the  construction  and  maintainance  of  their  Railroad, 
and  for  the  requisite  accommodation  of  the  same ; and  may  take  and  hold 
all  such  grants  and  donations  of  real  estate,  as  may  be  made  to  the  Com- 
pany for  their  use  and  benefit.  All  lands  thus  entered  upon  and  used  by 
the  said  Corporation,  which  are  not  gifts,  shall  be  purchased  by  the  Cor- 
poration of  the  owner  or  owners  of  the  same,  and  in  case  the  parties  disa- 
gree upon  the  price  of  said  lands,  and  before  making  any  portion  of  the 
Road  upon  such  lands,  it  shall  be  the  duty  of  the  Judges  of  the  County 
Court  of  the  county  in  which  such  lands  lie,  upon  the  petition  of  the  said 
Corporation,  to  appoint  three  disinterested  Commissioners,  who  shall  deter- 
mine the  damages  which  the  owner  or  owners  of  said  lands,  so  entered 
upon,  may  have  sustained,  or  shall  be  likely  to  sustain,  by  the  occupation 
of  the  same  ; and,  upon  payment  of  such  damages,  with  the  expenses  at- 
tending the  same,  the  Commissioners  being  allowed  three  dollars  per  day 
each  while  thus  employed,  or,  upon  said  Corporation  depositing  in  any 
Bank,  either  in  Franklin  or  Chittenden  County,  to  the  credit  of  the  person 


30 


or  persons  to  whom  an  award  may  have  been  made,  the  amount  of  said 
damages,  and  paying  the  expenses  of  said  appraisal,  the  proper  officers  of 
said  Bank  giving  notice  to  such  person  or  persons,  of  such  deposit  by  letter, 
then  the  Corporation  shall  be  deemed  to  be  seized  and  possessed  of  such 
lands  in  their  own  right.  The  Commissioners  shall  give  three  days’  notice 
to  the  occupants  or  owners  of  the  lands  to  be  appraised,  of  the  time  and 
place  when  and  where  they  will  attend  to  such  appraisal ; and  when  such 
appraisal  is  made,  they  shall  deliver  to  the  said  Corporation  a written 
statement  of  the  same,  with  a description  of  the  land  so  by  them  appraised 
which  within  sixty  days  thereafter,  the  Company  shall  cause  to  be  recorded 
in  the  Town  Clerk’s  Office,  of  the  town  in  which  such  lands  lie  ; and  in 
case  the  owner  of  lands  taken  by  the  Company,  shall  be  a married  woman, 
an  infant,  idiot,  or  insane,  or  shall  not  reside  in  this  State,  then  the  Com- 
pany shall  cause  the  damages  to  be  determined  in  the  manner  above  de- 
scribed, and  shall  pay  the  same  to  the  owners  last  above  mentioned,  when 
the  same  shall  be  lawfully  demanded,  with  the  interest  thereon,  at  the  rate 
of  six  per  cent,  per  annum,  which  said  damages,  and  the  interest  thereon, 
shall  be  a specific  lien  upon  the  real  estate  of  said  Company,  and  shall  be 
preferred  before  any  other  demand  against  the  Company. 

Sec.  8.  The  Corporation,  or  the  owner  of  such  lands  or  materials,  feel- 
ing aggrieved  by  the  decision  of  the  Commissioners,  either  party  may 
within  ninety  days  from  the  making  of  such  decision,  appeal  to  the  County 
Court  in  the  county  where  such  land  or  other  real  estate  lies,  by  lodging  with 
the  County  Clerk  a written  appeal  from  such  decision,  and  serving  a copy 
of  such  appeal  upon  the  adverse  party ; and  the  decision  of  the  Judges  of 
the  County  Court  upon  such  appeal  and  appraisal,  shall  be  final,  and  the 
Court  may  tax  costs  for  either  party  as  may  be  just. 

Sec.  9.  The  Company  may  build  and  use  a double  or  single  track  upon 
said  Road,  as  they  may  determine. 

Sec.  10.  The  Company  may  regulate  the  time  and  manner  in  which 
passengers  and  property  shall  be  transported  on  the  Railroad,  and  may 
erect  and  maintain  toll-houses,  and  other  buildings,  for  their  accommodation 
and  the  convenient  use  of  the  Road,  as  they  may  deem  suitable ; and  may 


31 


collect  and  receive  tolls  and  charges,  for  the  transportion  of  passengers  and 
property  upon  said  Road,  at  such  rate  per  mile  as  may  from  time  to  time 
be  fixed  by  the  Corporation  : Provided^  the  Supreme  Court,  at  any  stated 
session  thereof,  held  either  in  Franklin  or  Chittenden  Counties,  on  applica- 
tion of  ten  free-holders,  in  any  town  through  which  the  said  Road  passes, 
may  alter  or  establish  the  rate  of  toll  upon  said  Road,  for  a term  of  time 
not  exceeding  ten  years  at  any  one  time,  and  in  such  a manner  that  the 
Corporation  shall  not  receive  less  than  twelve  per  centum  per  annum,  on 
the  amount  of  Capital  Stock,  after  deducting  all  the  expenses  of  the  Cor- 
poration, after  the  Corporation  shall  commence  taking  toll  on  said 
Road. 

Sec.  11.  The  Corporation  shall  keep  just  and  true  books  and  accounts 
of  all  expenses  incurred  in  surveying,  building,  and  keeping  in  repair,  the 
said  Railroad,  and  also  of  all  the  income  arising  from  the  said  Road,  which 
books  and  accounts  shall,  at  all  times,  be  open  to  the  inspection  of  any 
Committee  of  the  Legislature,  or  of  the  Supreme  Court,  and  any  such  Com- 
mittee may  examine  the  officers  of  the  Corporation,  under  oath,  as  to 
their  receipts  and  expenses. 

Sec.  12.  The  Corporation  shall  keep  constantly  exposed  to  view,  at  all 
places  where  they  have  toll-houses  or  gates,  and  at  all  public  places  where 
they  receive  passengers  or  freight,  a sign  or  handbill,  with  the  rates  of  toll 
legibly  written  or  printed  thereon. 

Sec.  13.  If  any  person  shall  wilfully  obstruct  the  passage  of  any  car- 
riage on  the  said  Road,  or  in  any  way  injure  or  destroy  the  said  Road,  or  any 
part  thereof,  or  any  building,  engine,  machine  work,  or  anything  belonging 
to  said  Road,  or  any  material  or  implement  used  in  the  construction 
thereof,  he,  or  any  person  or  persons  assisting,  aiding,  or  abetting,  in  such 
act  or  acts,  shall  forfeit  and  pay  to  the  Corporation,  treble  the  amount  of 
damages  sustained  by  such  offence,  to  be  recovered  in  the  name  of  the 
Company,  with  costs,  by  an  action  of  debt,  and  shall  be  liable  to  indictment 
by  the  grand  jury  of  the  county  in  which  such  offence  was  committed,  for 
such  offence,  and  on  conviction  thereof,  before  such  County  Court,  shall  be 
punished  as  for  a misdemeanor,  or  pay  a fine  not  exceeding  one  hundred 


32 


dollars  and  not  less  than  thirty  dollars,  to  the  use  of  the  State,  in  the  dis- 
cretion of  the  Court. 

Sec.  14.  If  the  Railroad  shall  cross  any  private  way,  the  Corporation 
shall  so  construct  the  same  as  not  to  obstruct  the  safe  and  convenient  use 
of  such  private  way ; and  if  the  Railroad  shall  not  be  so  constructed,  the 
party  aggrieved  may  have  an  action  on  the  case  in  any  Court  proper  to  try  the 
same,  and  recover  reasonable  damages  for  such  injury ; and  if  the  Rail- 
road should  cross  any  highway  or  turnpike,  the  same  shall  be  so  constructed 
as  not  to  impede  or  obstruct  the  safe  and  convenient  use  of  such  highway 
or  turnpike,  and  the  Corporation  may  raise  or  lower  such  turnpike,  high- 
way, or  private  w'ay,  so  that  the  Railroad  may,  if  necessary,  pass  over  or 
under  the  same.  And  if  the  Corporation  shall  raise  or  lower  any  such 
turnpike,  highway,  or  private  way,  and  shall  not  so  raise  or  lower  the  same 
as  to  be  satisfactory  to  the  proprietors  of  the  turnpike,  or  to  the  selectmen 
of  the  town,  in  which  the  highway  or  private  way  is  situated,  such  proprie- 
tors or  selectmen,  may  require  in  writing  of  the  Corporation,  such  altera- 
tion or  amendment  as  they  may  think  necessary ; and  if  the  required 
amendment  or  alteration  be  reasonable  and  proper,  and  the  Corporation 
shall  unnecessarily  neglect  to  make  the  same,  such  proprietors  or  select- 
men, may  make  such  alteration  and  amendment,  and  may  have  an  action 
on  the  case  against  said  Corporation  in  any  Court  proper  to  try  the  same, 
and  shall  thereon  recover  reasonable  damages  for  all  expenses  occasioned 
by  making  such  alteration  or  amendment,  with  costs  of  suit.  And  if  the 
said  Railroad  shall  intersect  or  cross  any  stream  of  water,  or  watercourse, 
the  Corporation  may  construct  the  same  across  a stream  or  watercourse, 
provided  they  restore  the  same  as  near  practicable  to  its  former  state  and 
usefulness.  And  the  said  Corporation  shall  build  and  maintain  a sufficient 
fence  on  each  side  of  their  Railroad,  through  its  whole  route,  where  a 
fence  may  be  requisite  for  the  owners  or  occupants  of  the  adjacent  land  : 
Provided^  that  nothing  in  this  Act  shall  be  so  construed  as  to  prevent  the 
crossing  of  said  Railroad  with  teams  or  otherwise,  in  a manner  not  calcu- 
lated to  injure  the  same. 

Sec.  15.  The  Champlain  and  Connecticut  River  Railroad  Company, 
and  the  Vermont  Central  Railroad  Company,  and  any  other  Railroad  Com- 


33 


panj  hereafter  authorized  so  to  do  bj  the  Legislature,  may  enter  -with 
another  Railroad  at  any  point  of  the  Road  herein  granted,  paying  for  the 
right  of  using  the  same,  or  any  part  thereof,  such  toll  or  other  compensa- 
tion as  the  Legislature  may  prescribe,  and  complying  with  such  rules  and 
regulations  as  this  Corporation  may  establish  : Provided^  that  any  Corpo' 
ration  feeling  aggrieved  by  such  rules  and  regulations,  may  apply  to  the 
Supreme  Court  sitting  for  Chittenden  or  Franklin  County,  who  shall,  there- 
upon, appoint  Commissioners  to  settle  and  determine  upon  such  rules  and 
regulations  as,  with  a proper  regard  to  the  interests  of  this  Company,  shall 
secure  no  unreasonable  advantage  to  one  Corporation  over  another ; and 
such  rules  and  regulations,  if  adopted  by  the  Court,  shall  thereby  become 
established  until  altered,  on  a similar  application,  by  the  Court. 

Sec.  16.  The  Legislature  may,  at  any  time,  after  the  expiration  of 
fifty  years  from  the  opening  for  use  of  the  Road,  and  not  before,  purchase 
of  the  Corporation  the  Railroad,  and  all  the  property,  rights,  and  privileges 
thereof,  by  paying  therefor  the  amount  expended  in  making  the  same,  the 
expenses  of  repairs,  and  all  other  expenses  relating  thereto^?  And  if,  at 
the  time  of  purchase,  the  Corporation  shall  not  have  received  an  income 
equal  to  ten  per  centum  per  annum  on  the  original  costs  over  and  above 
the  charges  and  expenses  relating  thereto,  the  Legislature  shall  pay  the 
Corporation  such  additional  sum  as,  together  with  the  tolls  and  profits  of 
every  kind  received  from  the  Road,  will  be  equal  to  ten  per  centum  per 
annum  on  the  cost  of  the  Road,  from  the  date  of  the  payment  thereof,  by 
the  Stockholders  of  the  Corporation,  to  the  time  of  such  purchase. 

Sec.  17.  The  Directors  of  the  Company  may  require  payment  of  the 
sums  subscribed  to  the  Capital  Stock,  in  such  proportions,  and  at  such 
times,  as  they  shall  deem  best,  not  exceeding  ten  dollars  at  one  time,  and 
one  hundred  dollars  upon  any  one  share,  under  the  penalty  of  forfeiture  of 
all  previous  payments  thereon,  and  when  the  Directors  shall  require  the 
payment  of  any  portion  of  the  capital  stock  of  said  Company,  they  shall 
give  at  least  thirty  days’  notice  of  the  time  and  place  of  such  payment, 
by  publishing  the  same  in  at  least  one  newspaper  in  each  of  the  counties  , 
of  Franklin  and  Chittenden,  and  at  such  other  places  as  they  may  deem 
proper. 


6 


34 

Sec.  18.  The  office  of  the  Clerk  of  the  Corporation  shall  be  kept  in 
this  State. 

Sec.  19.  The  Company  may,  by  their  engineers,  agents,  or  workmen, 
with  such  teams,  carriages,  and  tools,  as  they  may  find  convenient,  enter 
upon  any  lands  contiguous  to  the  Road,  or  the  works  connected  therewith, 
to  dig,  blast,  carry  away,  and  use,  such  stone,  gravel  and  earth,  as  may 
be  necessary  for  building  or  repairing  the  Road,  doing  thereby  as  little 
damage  as  the  nature  of  the  case  will  permit,  and  in  case  damage  should 
be  claimed  by  the  owner  of  the  land  thus  entered  upon,  and  for  the  stone, 
gravel,  and  earth,  thus  carried  away,  and  the  owner  and  the  Company  do 
not  agree  upon  the  sum  to  be  paid  therefor,  the  same  shall  be  assessed  by 
Commissioners  in  the  manner  before  prescribed  in  this  Act,  and  cither  the 
Company  or  the  owner  feeling  aggrieved,  may  appeal  as  aforesaid. 

Sec.  20.  This  Act  shall  be  deemed,  and  taken  to  be,  a public  Act,  and 
shall  be  construed  favorably  and  beneficially,  for  all  the  purposes  for  which 
it  is  intendedf 

Sec.  21.  The  Directors  shall,  annually,  on  or  before  the  third  Thursday 
of  October,  make  a report  to  the  Legislature  of  their  proceedings,  receipts, 
and  expenditures,  and  their  books  shall  at  all  times  be  open  to  the  inspec- 
tion of  a Committee  of  the  Legislature  appointed  for  that  purpose. 

Sec.  22.  This  Act  shall  take  effect  from  its  passage. 

Sec.  23.  The  Supreme  Court  shall,  on  application  for  that  purpose,  fix 
the  price  for  which  the  United  States’  mail  shall  be  transported  to  and  from 
any  different  points  on  said  Road,  which  shall  continue  to  be  the  price  for 
which  said  Company  shall  transport  said  mail,  until  the  same  shall  be  dimin- 
ished or  increased  by  said  Court,  which  they  are  hereby  authorized  to  do 
on  application  for  that  purpose. 


35 


The  foregoing  Act  was  approved  by  the  Legislature  of  Vermont,  on  the 
31st  of  October,  1845.  On  the  15th  of  November,  1847,  an  Amendment 
to  this  Act  was  passed,  by  which  it  was  enacted  : 

That  so  much  of  the  first  section  of  the  Act  to  incorporate  the  Ver- 
mont and  Canada  Railroad  Company,  approved  October  31,  A.  D.  1845, 
as  is  expressed  and  contained  in  the  words,  ‘ passing  across  the  sand-bar 
to  South  Hero,’  is  hereby,  by  consent  of  said  Company,  repealed.” 


The  Vermont  and  Canada  Railroad  extends  from  Essex  Junction,  in 
the  County  of  Chittenden,  in  the  State  of  Vermont,  to  Rouse’s  Point 
on  Lake  Champlain,  in  the  State  of  New  York,  passing  through  the 
intermediate  towns  of  Colchester,  Milton,  Georgia,  St.  Albans,  Swanton 
and  Alburg,  all  of  which  are  in  the  State  of  Vermont.  It  joins  the 
Vermont  Central  at  the  distance  of  about  six  and  a half  miles  from  Bur- 
lington, and  with  this  town  it  is  connected  by  means  of  the  Central  Railroad. 

The  charter,  as  has  already  been  perceived,  requires  the  Vermont  and 
Canada  Railroad  to  be  extended  to  some  point  or  points  in  Chittenden  County, 
most  convenient  for  meeting  at  the  village  of  Burlington  the  Champlain 
and  Connecticut  River,  (subsequently,  by  change  of  name,  called  the  Rut- 
land and  Burlington)  Railroad.  Whether  the  connection  thus  made  at  that 
village,  over  the  Vermont  Central  Railroad,  complies  with  the  Charter  of 
the  Vermont  and  Canada  Railroad,  may  admit  of  a doubt ; but  it  would 
seem  that  if  the  Vermont  and  Canada  Railroad  actually  meets  the  Rutland 
and  Burlington  Railroad,  at  the  village  of  Burlington,  by  employing  the 
Central  Railroad  as  the  medium  of  communication,  and  the  Central  Rail- 
road, who  may  be  considered  as  owning  the  Vermont  and  Canada,  under 
the  Lease  referred  to  hereafter,  (y>.  39.),  effects  this  connection  by  the 
interposition  of  its  own  road  ; this  substitution,  which  affords  to  the  public 
the  same  advantages  which  would  be  derived  by  the  construction  of  an 
independent  road,  may  fairly  be  treated  as  a substantial  compliance  with 
the  Charter  ; and,  at  any  rate,  the  difiiculty,  if  any  exist,  might  probably 
be  removed  by  a purchase  of  the  six  and  a half  miles  in  question,  from 
the  Vermont  Central  by  the  Vermont  and  Canada  ; which  purchase  could 


36 


be  doubtless  effected  on  satisfactory  terms  to  both  parties,  should  such  an 
act  become  necessary. 

The  Vermont  and  Canada,  in  its  present  relations  with  the  Vermont 
Central,  may  be  considered  as  an  extension  of  the  latter  road  to  the  north- 
erly end  of  Lake  Champlain ; and  as  the  main  business  done  upon  each 
is  not  separable  from  that  done  upon  the  other,  the  Committee,  except  where 
the  relations  between  the  two  roads  are  specifically  treated  of,  have  often 
used  the  term  ‘‘Vermont  Central”  as  applicable  to  both,  inasmuch  as  for 
all  practical  purposes,  both  must  be  considered  as  forming  but  one  road 
from  Windsor  to  Rouse’s  Point. 

The  Vermont  and  Canada  Road  is,  generally,  well  built,  requiring  no 
greater  outlay  for  repairs  than  is  usually  needed  for  roads  which  have  been 
constructed  the  same  length  of  time ; and  in  respect  to  its  curves  and 
gradients,  it  is  favorable  to  the  economy  of  working.  For  particulars  in 
respect  to  the  condition  of  this  road,  reference  may  be  had  to  the  tables 
annexed.  QAppendix — TaUe  7.) 

The  Committee,  in  aid  of  their  own  judgment,  have  caused  the  entire 
line  of  both  roads,  from  Windsor  to  Rouse’s  Point,  to  be  carefully  examined 
by  an  experienced  Civil  Engineer,  (Wm.  P.  Parrott,  Esq.)  His  Report 
upon  this  subject  is  annexed  (^See  Appendix^')  from  a perusal  of  which 
the  reader  can  form  a correct  opinion  of  the  present  condition  of  the 
road  andits  appurtenances  carried  to  such  an  extent  of  detail,  as  to  render 
it  unnecessary  for  the  Committee  to  make  further  statements  here  upon  the 
subject.  This  Report  will  also  furnish  the  best  information  the  Committee 
have  been  able  to  procure,  as  to  the  amount  of  repairs  which  is  required 
to  put  the  road  in  order.  For  these,  as  will  be  seen,  no  unreasonable 
outlay  will  be  needed. 

Messrs.  S.  S.  Lewis,  Charles  Paine,  John  Smith,  S.  M.  Felton,  Law- 
rence Brainerd,  Geo.  Parish,  and  J.  W.  Edmands,  were  appointed 
Directors,  who,  of  their  own  number,  at  the  first  meeting,  held  July  20th, 
1847,  elected  John  Smith,  President ; Lawrence  Brainerd,  Clerk;  and  the 
Treasurer  of  the  Vermont  Central  Railroad,  Mr.  Samuel  H.  Walley,  was 
appointed  Treasurer.  The  last  two  of  these  gentlemen  resigned,  December 
3d,  1847. 

The  survey  of  the  road  was  made  in  September,  1848,  by  H.  R. 
Campbell,  who  the  Committee  infer  to  have  been  its  Engineer  at  that  time ; 


37 


as  the  records  state  that  acts  were  done  by  him  in  that  capacity,  although 
they  contain  no  vote  of  his  appointment.  Mr.  Campbell’s  report  of 
the  cost  of  building  the  road,  made  at  or  about  that  time,  was  as 
follows : — 


Embankment, 

. $222,361  33 

Eock  excavation,  . 

27,497  00 

Gravelling  track,  , 

54,000  00 

Culverts  and  cattle  guards, 

17,706  00 

Bridge  masonry,  . 

147,903  00 

Arch  masonry, 

19,474  00 

Lamoille  Eiver  bridge,  . 

15,300  00 

Indian  Eun  bridge. 

4,500  00 

Missisquoi  Bay  bridge,  . 

231,200  00 

Small  bridges. 

. • . 15,000  00 

Superstructure  and  Iron, 

342,000  00 

Total, 

$1,096,941  33 

At  a meeting  of  the  Stockholders  of  this  Company  held,  October  ITthy 
1848,  the  Directors  then  in  office  were  re-chosen  ; and  Messrs.  Wm. 
Farrar,  and  Heman  Carpenter  were  added  to  their  number,  to  supply  the 
vacancy  occasioned  by  the  resignation  of  Messrs.  Parish  and  Edmands. 
The  same  officers  were  re-appointed  by  the  Directors. 

On  the  12th  March,  1849,  Messrs.  Smith,  Erainerd  and  Carpenter, 
were  appointed  a Committee  “with  full  powers  to  execute  a Contract 
for  leasing  the  road,  when  built,  to  the  Vermont  Central  Eailroad 
Company.” 

On  the  15th  March,  1849,  the  President  was  authorized  to  contract  with 
S.  F.  Belknap,  for  the  grading,  masonry,  and  bridging  of  this  road,  from 
the  proposed  junction  with  the  Vermont  Central  Eailroad  at  Essex,  to  the 
south  bank  of  the  Lamoille  Eiver,  and  also,  to  contract  with  H.  E.  Camp- 
bell, for  the  grading,  masonry  and  bridging  from  the  north  bank  of 
this  river,  to  a point  in  the  village  at  St.  Albans  to  be  selected  for  a 
depot. 

James  Moore,  Esq.,  was  then  elected  Engineer  to  superintend  the  con- 
struction of  the  work. 


38 


Charles  Paine,  (the  President  of  the  Vermont  Central,)  was  appointed 

Agent  of  Construction,  from  Essex  to  St.  Albans,”  and  bj  a subsequent 
vote,  passed  August  24th,  1849,  Mr.  Paine  was  appointed  ‘‘  a Committee 
to  construct  the  Railroad  from  Essex  to  Rouse’s  Point.” 

Josiah  Quincj,  Jr.,  was  appointed  Treasurer  in  place  of  Mr.  Wallej, 
August  16,  1849  ; and  on  this  day  the  first  assessment  was,  on  the  motion 
of  Mr.  Paine,  laid  upon  the  Stock.  The  assessment  was  §10  per  Share 
upon  the  Shares  subscribed,  and  was  payable  on  the  1st  October,  1849.  This 
appears  to  have  been  the  first  money  which  had  been  raised  by  the  Stock- 
holders by  assessment  on  Stock.  By  a vote  previously  passed,  December 
8d,  1847,  the  President  had  been  authorized  to  borrow  money  in  the  fol- 
lowing terms : 

‘^Resolved,  That  the  President  be  authorized  to  borrow  of  the  Vermont 
Central  Railroad  Company,  or  of  any  other  person  or  persons,  money,  not 
to  exceed  in  amount  the  sum  of  §6000,  to  defray  expenses  of  a survey  of 
said  road,  and  to  extinguish  the  liabilities  of  said  Company.” 

Under  this  vote  it  is  presumed  that  the  Vermont  and  Canada,  previous 
to  October  1st,  1849,  borrowed  of  the  Central  about  §4000  : as  such  an 
amount  appears,  by  the  books,  to  have  been  received  from  this  source. 

The  lease  of  the  Vermont  and  Canada  Road  to  the  Central  was  approved 
by  the  Board  of  Directors,  August  24th,  1849,  and  was  ratified  and  con- 
firmed by  them  at  a meeting  held  on  the  27th  of  the  same  month.  The 
Stockholders  approved  and  accepted  it  on  the  17th  of  October  following, 
and  also  accepted  the  Act  of  the  Legislature  of  Vermont,  passed  November 
6th,  1847,  relating  to  leases,  &c.  of  Railroads.  (See  Laws  of  1847,  No. 
22,  § 1.)  By  this  Statute  it  is  enacted,  &c.  That  all  Railroad  Companies 
incorporated,  or  which  may  be  incorporated,  under  the  authority  of  this  State, 
shall  have  power  to  make  contracts  and  arrangements  with  each  other,  and 
with  Railroad  Corporations  of  other  States,  for  leasing  or  running  their  roads, 
■or  any  part  thereof,”  &c.&c.  This  Act  was  approved  November  6th,  1847. 


The  Lease  itself  is  as  follows  : — 


39 


LEASE  OF  THE  VERMONT  AND  CANADA  RAILROAD. 

These  Articles  of  Agreement,  made  this  24th  day  of  August,  in  the 
year  eighteen  hundred  and  forty-nine,  by  and  between  the  Vermont  Cen- 
tral Railroad  Company  of  the  first  part,  and  the  Vermont  and  Canada 
Railroad  Company  of  the  second  part,  both  being  Corporations  established 
by  the  authority  of  the  State  of  Vermont, 

Witnesseih : — That  whereas  it  is  agreed  by  and  between  the  parties 
hereto,  that  the  Vermont  and  Canada  Railroad  Company  shall  proceed, 
(with  all  despatch  consistent  with  the  amount  of  labor  to  be  done)  to  con- 
struct and  finish  the  Vermont  and  Canada  Railroad,  and  that  the  same 
shall  be  leased  to,  and  run  by,  the  Vermont  Central  Railroad  Company  : 

Now,  therefore,  the  Vermont  and  Canada  Railroad  Company  hereby 
agree  with  the  Vermont  Central  Railroad  Company  to  provide  forthwith 
the  necessary  funds,  and  to  proceed  to  construct  the  said  Vermont  and 
Canada  Railroad,  its  fixtures  and  buildings,  to  settle  and  pay  all  land  and 
other  damages,  and  to  do  and  complete  all  other  arrangements  and  things 
in  a proper  and  legal  manner,  so  that  their  right  and  title  to  said  road,  and  to 
the  use  of  it,  shall  be  clear  and  unquestionable.  It  being  understood  and 
agreed  that  the  several  sections  and  portions  of  said  Vermont  and  Canada 
Railroad  shall  be  constructed  at  such  limitation  of  cost,  within  such  time,  on 
such  location,  and  in  such  way  and  manner  in  all  respects,  as  shall  be  con- 
formable to  their  Charter,  and  as  shall  be  satisfactory  to,  and  approved  by, 
the  Directors  of  the  Vermont  Central  Railroad  Company,  or  any  Agent 
whom  said  Directors  will  appoint  for  that  purpose. 

And  the  Vermont  and  Canada  Railroad  Company  in  consideration  of 
the  premises,  and  of  the  covenants  of  said  Vermont  Central  Railroad 
Company  hereinafter  contained,  agree  to  grant,  lease  and  demise,  and  so 
far  as  they  have  present  legal  authority,  do  hereby  grant,  lease  and  demise 
unto  the  Vermont  Central  Railroad  Company,  their  successors  and  assigns, 
the  whole  of  said  Vermont  and  Canada  Railroad,  as  the  same  is  now  loca- 
ted, or  shall  hereinafter  be  located,  and  constructed,  together  with  all  the 
lands,  depots,  buildings,  tracks,  fixtures,  property,  rights  and  privileges 
thereto  appertaining  or  belonging,  or  which  may  hereafter  be  procured 
or  purchased  by,  or  be  granted,  appertain  or  belong  to  the  said  road,  with 


40 


the  full  right  and  privilege  of  using  the  said  road,  depots,  and  other  pro- 
perty and  rights,  with  cars,  engines,  and  other  motive  power,  or  to  per- 
mit, or  authorize  others  so  to  use  the  same,  in  any  way  which  the  Ver- 
mont Central  Railroad  Company,  their  successors  or  assigns  may  from 
time  to  time  elect;  and  as  fully  and  freely  as  the  Vermont  and  Canada 
Railroad  Company  might  or  could  do  under  their  Charter,  and  any  addi- 
tions made  or  to  be  made  thereto. 

To  have  and  to  hold  the  said  Vermont  and  Canada  Railroad  as  the  same 
is  now  located,  or  shall  hereafter  be  located  or  constructed,  and  all  lands, 
depots,  and  other  property,  right  and  privileges  whether  now"  acquired,  or 
hereafter  to  be  procured,  unto  the  said  Vermont  Central  Railroad  Company, 
their  successors  and  assigns  forever  as  fully  and  freely  to  all  intents  and 
purposes,  as  the  Vermont  and  Canada  Railroad  Company  might  or  could 
have,  enjoy  and  use  the  same  under  their  charter,  and  any  additions  made 
or  to  be  made  thereto  ; 

Subject,  however,  (in  case  this  instrument  shall  be  held  to  be  a present 
lease,)  to  the  right  of  the  Vermont  and  Canada  Railroad  Company,  their 
officers,  agents  and  workmen,  to  enter  upon  said  road  for  the  purpose  of 
constructing  the  same,  and  completing  the  arrangements  herein  covenanted 
on  their  part  to  be  made,  this  right  to  cease  as  soon  as  said  road  shall  be 
accepted  by  the  Vermont  Central  Railroad  Company  as  completed  : 

Subject,  also,  to  the  right  of  the  Legislature  of  the  State  of  Vermont, 
after  the  expiration  of  fifty  years  from  the  opening  of  the  road  for  use,  to 
purchase  the  same  as  provided  in  the  sixteenth  section  of  the  charter  of 
said  Company,  and  subject,  lastly,  to  the  legal  rights,  if  any,  of  all  other 
Railroad  Companies  to  use  the  same. 

And  to  enable  the  Vermont  Central  Railroad  Company  beneficially  to 
enjoy  and  improve  the  said  property,  rights, "and  privileges,  the  said  Ver- 
mont and  Canada  Railroad  Company  hereby  nominate,  constitute,  and 
appoint  the  Vermont  Central  Railroad  Company,  their  successors  and 
assigns  their  attorneys  irrevocable  with  full  power  and  authority  to  use  the 
the  name  of  the  Vermont  and  Canada  Railroad  Company,  in,  and  about 
the  future  repair,  management  and  use  of  the  said  Vermont  and  Canada 
Railroad,  and  all  the  property,  rights  and  privileges  which  may  at  any 
time  appertain  thereto,  with  the  right  and  power,  so  far  as  the  same  may 
lawfully  be  done,  to  connect  said  road  with  other  Railroads,  to  make  branch 


41 


or  side  tracks,  and  to  make  such  alterations  in  the  leased  and  granted 
premises,  as  the  convenient  use  thereof  shall  be  found  to  require,  and  as 
may  lawfully  be  done : also  with  the  right  and  power  to  establish,  receive 
and  collect  tolls,  fares,  rates  of  compensation,  and  rents  for  the  use  of  said 
road,  and  other  property,  or  for  the  transportation  of  persons,  merchan- 
dize, mails,  and  every  description  of  property,  upon  and  over  said  road,  or 
any  part  thereof,  for  the  sole  use  and  benefit  of  the  Vermont  Central  Rail- 
road Company,  their  successors  and  assigns : and  to  make  any  contracts, 
covenants,  or  agreements  proper  and  necessary  for  all  the  purposes  herein 
provided  for,  with  any  persons  or  Corporations  whatever,  in  the  name  of  the 
Vermont  and  Canada  Railroad  Company,  and  under  their  corporate  seal  or 
otherwise ; and  generally  to  do  all  other  acts  and  things  in  the  premises 
which  the  Vermont  and  Canada  Railroad  Company  might  lawfully  do; 
with  full  authority  also  to  use  the  name  of  the  Vermont  and  Canada  Rail- 
road Company  in  and  about  all  proceedings  at  law  or  in  equity,  which  the 
Vermont  Central  Railroad  Company  may  judge  necessary  or  expedient  in 
and  about  all  the  business  and  proceedings  aforesaid,  or  for  the  purpose  of 
fully  securing  to  the  Vermont  Central  Railroad  Company,  their  successors 
and  assigns  the  quiet  and  beneficial  enjoyment,  possession  and  use  of  the 
said  road,  and  of  all  the  property,  rights,  and  privileges  hereby  granted 
secured  and  demised,  or  for  any  other  purpose  consistent  with  the  true 
intent  and  meaning  of  this  Indenture  ; and  with  the  right,  for  all  the 
purposes  aforesaid,  from  time  to  time,  to  substitute  and  appoint  one  or 

more  attorneys  under  the  Vermont  Central  Railroad  Company,  and  their 

/ 

powers  at  pleasure  to  revoke. 

And  the  Vermont  and  Canada  Railroad  Company  hereby  agree  with  the 
Vermont  Central  Railroad  Company,  their  successors  and  assigns,  at  all 
times  to  continue  and  preserve  the  legal  organization  of  the  Vermont  and 
Canada  Railroad  Company,  and  at  all  times  to  hold  such  meetings,  pass 
such  votes,  appoint  all  such  officers,  and  confer  upon  them  all  such  powers, 
keep  such  records  of  their  proceedings,  make  such  reports  to  the  Legisla- 
ture or  otherwise,  as  may  be  required  by  law,  and  do  all  such  other  acts 
as  may  be  necessary  and  proper  to  carry  into  full  effect  all  the  objects  and 
provisions  of  this  Indenture  ; and  that  they  will  on  reasonable  demand  at 
any  and  all  times  hereafter  give  such  other  assurances  as  may  be  neces- 
sary or  proper  therefor. 

6 


42 


And  the  said  Vermont  and  Canada  Railroad  Company  agree  that  if  the 
Vermont  Central  Railroad  Company  shall,  at  any  time  after  twenty  years 
from  the  opening  of  said  Vermont  and  Canada  Railroad  for  use,  elect  to 
purchase  the  demised  premises,  and  shall  have  the  legal  right  to  make  such 
purchase,  then  the  Vermont  and  Canada  Railroad  Company  will  give  to 
the  Vermont  Central  Railroad  Company,  their  successors  or  assigns,  an 
absolute  grant,  assignment  and  release  in  perpetuity  of  the  said  road,  and 
of  all  the  other  property,  rights,  privileges  and  franchises  of  said  Vermont 
and  Canada  Railroad  Company,  by  a Deed,  or  other  Instrument  proper 
and  legal  therefor,  running  to  the  Vermont  Central  Railroad  Company,  or 
such  party  as  they  shall  designate  : upon  payment  by  the  Vermont  Cen- 
tral Railroad  Company  to  the  Vermont  and  Canada  Railroad  Company  of 
an  amount  sufficient  to  pay  to  each  Stockholder  in  the  Vermont  and 
Canada  Railroad  Company,  the  par  value  of  his  shares  : and  will  cause 
the  said  shares  to  be  transferred  to  such  persons  or  Corporation  as  the 
Vermont  Central  Railroad  Company  shall  designate. 

And  the  Vermont  and  Canada  Railroad  Company  agree  that  they  will 
at  no  time  interfere  or  act  in  the  use  or  management  of  their  road,  or  any 
of  its  appurtenances,  except  in  the  manner  herein  mentioned,  or  unless 
they  shall  be  required  so  to  do  by  law,  or  by  the  written  request  of  the 
V ermont  Central  Railroad  Company. 

And  the  Vermont  and  Canada  Railroad  Company  hereby  further  agree 
that  when  their  road  shall  be  completed,  and  the  titles  to  the  same,  and  to  the 
lands,  fixtures,  and  other  property  thereof  shall  be  vested  in  them,  they 
will  on  request  execute  and  deliver  to  the  Vermont  Central  Railroad  Com- 
pany, their  successors  or  assigns,  a Deed  of  Confirmation  reassuring  the  pro- 
visions of  this  Instrument,  upon  the  terms  and  conditions  thereof,  so  far  as 
the  same  may  be  then  applicable. 

And  the  said  Vermont  Central  Railroad  Company  on  their  part  agree, 
that  when  said  Vermont  and  Canada  Railroad  and  its  appurtenances  shall 
be  constructed  in  manner  aforesaid,  and  ready  for  use,  they  will  provide  the 
necessary  power  and  other  equipment,  and  will  open  and  run  the  same  at 
all  suitable  times,  hereafter  for  the  accommodation  of  the  public,  and  will 
pay  as  a rent  therefor  in  addition  to  the  necessary  incidental  expenses  of 
said  Vermont  and  Canada  Railroad  Company,  a sura  equal  to  eight  per 
cent,  annually  upon  the  amount  of  the  whole  cost  for  the  time  being  of 


43 


said  road,  its  buildings,  fixtures,  lands  and  appurtenances,  as  the  same 
shall  have  been  paid  by  the  Vermont  and  Canada  Railroad  Company;  the 
said  rent  to  begin  on  the  first  day  of  December  next,  and  to  be  thereafter 
paid  semi-annually,  on  the  first  days  of  June  and  December  in  each  year 
until  said  road  shall  be  purchased  by  the  Legislature  of  Vermont,  or  by 
the  Vermont  Central  Railroad  Company  as  before  mentioned. 

In  testimony  whereof^  the  said  parties  have  to  this  Indenture  executed 
in  duplicate  caused  their  respective  corporate  seals  to  be  affixed,  and  the 
same  to  be  signed,  in  their  behalf  respectively,  by  Charles  Paine,  President 
of  the  Vermont  Central  Railroad  Company,  and  by  John  Smith,  President 
of  the  Vermont  and  Canada  Railroad  Company,  the  day  and  year  above 
written. 

THE  VERMONT  CENTRAL  RAILROAD. 

By  their  President, 

(Signed)  CHARLES  PAINE. 


THE  VERMONT  AND  CANADA  RAILROAD. 

By  their  President. 

(Signed)  JOHN  SMITH. 

Executed  and  delivered  in  presence  of 

(Signed)  H.  R.  Campbell. 

(Signed)  James  Moore. 

The  foregoing  is  a true  copy  of  the  Contract  accepted  by  the  Directors 
of  the  Vermont  Central  Railroad  Company,  and  filed,  “Permanent  Con- 
tract of  Transportation,’’  Vermont  Central  Railroad  Company  and  Ver- 
mont and  Canada  Railroad  Company. 


Attest 


Countersigned 

(Signed) 

JOSIAH  QUINCY,  Jr. 


(Signed) 

E.  P.  WALTON,  Jr. 

Clerk  V.  C.  R.  Co. 


Treasurer  V.  C.  and  V.  & C.  E.  R.  Co. 


44 


At  a meeting  held  Jan.  11,  1850,  it  was. 

Ordered,  that  the  articles  of  agreement  made  on  the  24th  day  of  August 
last,  between  the  Vermont  Central  Railroad  Company  and  the  Vermont 
and  Canada  Railroad  Company,  be  by  joint  consent  amended  by  substi- 
tuting fifty  years  for  twenty  years  as  the  period  after  which  the  Vermont 
Central  Railroad  Company,  may,  on  the  terms  expressed  in  said  Articles, 
require  an  absolute  grant,  assignment  and  release  in  perpetuity  of  the 
Property,  Rights,  Privileges  and  Franchises  of  the  Vermont  and  Canada 
Railroad  Company. 


This  Lease  was  made  under  the  authority  given  by  the  Legislature  of 
Vermont,  by  the  foregoing  Act,  which,  in  the  opinion  of  the  Committee,  is 
broad  enough  in  its  terms  to  embrace  a contract  of  this  description.  It 
includes  the  present  location  of  the  road  from  Essex  to  Rouse’s  Point,  as 
the  same  was  finally  built. 

By  the  terms  of  the  Lease,  the  Vermont  and  Canada  agreed  to  complete 
the  road,  with  all  despatch  consistent  with  the  amount  of  labor  to  be  done 
upon  it : “ To  provide  all  neccessary  funds  to  construct  the  road,  its  fix- 
tures and  buildings  ; to  settle  and  pay  all  land  and  other  damages,  and  to 
do  and  complete  all  other  arrangements  and  things  in  a proper  and  legal 
manner.” 

The  annexed  table  {See  Appendix  Table  L)  will  show  the  amount  raised 
for,  and  lent  to,  the  Vermont  and  Canada,  by  the  Vermont  Central;  and 
when,  how,  and  to  what  extent,  these  advances  have  been  repaid. 

Now  if  the  Vermont  and  Canada  had,  in  fact,  constructed  this  road  at 
the  cost  at  which  it  was  originally  estimated ; or  at  the  price  at  which  it 
was  eventually  built,  the  Rent  which  the  Vermont  Central  agreed  to  pay 
for  it,  was,  perhaps,  a fair  equivalent  to  its  value,  especially  if  taken  in 
connection  with  the  advantage  which,  for  competing  purposes,  the  control 
of  the  Canada  gave  to  the  Central  Road  ; but  the  Committee  are  forced  to 
say,  that  they  have  not  seen  any  evidence  that  the  Canada  Railroad  has, 
in  this  respect  fulfilled  its  contract.  So  far  from  doing  so,  this  Corporation 
during  the  time  it  was  engaged  in  constructing  the  road,  actually  borrowed 
from  the  Central  for  this  purpose,  the  enormous  sum  of  $2,133,773  32, 
which,  by  the  terms  of  the  lease,  they  had  agreed  to  raise  upon  their  own 


45 


credit ; and  finally  turned  over  the  road  to  the  Central,  in  an  unfinished 
state,  for  the  Central  to  complete.  The  following  vote  upon  the  sub- 
ject was  passed  by  their  Board  at  the  time. 

Resolved^  — That  the  Vermont  and  Canada  Railroad  Company 
propose  to  the  Vermont  Central  Railroad  Company,  that  they  take 
possession  of  the  Vermont  and  Canada  Railroad  in  its  present  unfinished 
condition^  and  finish  up  the  said  road,”  &c. 

The  Central  has  assented  to  this  deviation  from  the  Contract ; and  has 
actually  paid  8 per  cent,  interest,  from  December  1st,  1849,  to  the  Ver- 
mont and  Canada  Stockholders  on  the  amount  of  stock  paid  in,  under 
the  name  of  Rent^  although  the  road  was  then  scarcely  begun  ; and,  in  fact, 
more  than  a year  elapsed,  before  it  was  opened  throughout  to  the  public ! 

Viewed  in  one  light  at  least,  the  Vermont  Central  may  be  considered 
to  have  built  the  Canada  road.  They  have  advanced  to  it,  in  the  aggre- 
gate, an  amount  greatly  exceeding  the  whole  of  its  capital.  They  have 
given  to  it  the  time  of  its  President,  and  its  Officers,  without  receiving  one 
dollar’s  remuneration.  They  have  put  it,  at  their  own  expense  in  the  first  in. 
stance,  into  its  present  state  of  completion ; andyn  return,  they  are  now  bound 
for  fifty  years,  at  least,  to  pay,  for  the  use  of  it,  8 per  cent,  upon  its  cost ! 

It  is  true  that,  to  the  amount  of  $2,131,674  37,  the  Vermont  Central 
Railroad  has  been  repaid  ; but  this  to  a considerable  extent  was  but  nomi- 
nal ; for  the  payment  itself,  as  will  be  seen  (^.  48,)  has  been  effected  only  at 
an  additional  sacrifice  to  the  Central ; and  the  Canada  has  not  been  hith- 
erto charged  even  with  simple  interest^  upon  the  monies  advanced  towards 
its  construction,  when  the  interest  paid  to  procure  funds  for  their  use,  was, 
at  an  average,  about  three  times  that  rate. 

Viewed  as  a Contract,  this  Lease  is,  in  the  opinion  of  the  Committee, 
unfavorable  to  the  Central ; and  the  Committee  would  have  supposed  that 
Directors  feeling  a just  concern  for  the  welfare  of  their  Corporation,  would 
have  perceived  the  objectionable  character  of  its  provisions.  For  it  will  be 
perceived  that  the  Central  covenants  to  pay  eight  per  cent.  Rent  upon  the 
cost  of  the  Canada,  for  the  time  being,  “ from  and  after  December  1st, 
1849,”  and  without  regard  to  the  actual  state  of  the  road.  This  the 
Central  Road  actually  did;  and  they  paid  in  Rent”  under  the  Contract, 


46 


about  $30,698  00,  before  the  whole  road  was  bridged  to  Rouse’s 
Point,  and  long  before  it  was  finished ; and,  in  fact,  it  cannot  be  consid- 
ered as  entirely  finished  at  the  present  day.  And  in  addition  to  the 
subscriptions  paid  in,  this  Rent  was  computed  also  upon  unpaid  ” 
assessments  on  the  Stock,  and  on  debts  due  to  the  Canada  from  its  officers. 
Mr.  Quincy’s  notes  (to  a very  large  amount)  having  been  for  many 
months  included  as  part  of  the  cost  of  the  road,  and  on  these  notes  Rent  was 
actually  paid  ! For  proof  of  this  assertion,  the  Committee  refer  to  the  fact 
that  on  the  8th  of  December,  1851,  a semi-annual  dividend  of  4 per  cent, 
was  paid  to  Mr.  Quincy  on  1830  shares  which  had  been  issued  to  him  in 
exchange  for  his  notes,  and  these  same  shares  were  afterwards  (January  7, 
1852,)  taken  back,  and  their  par  value  endorsed  upon  his  note  for 
$212,901  65,  into  which  the  notes  originally  given  for  these  shares  had  then 
been  incorporated  ! The  Committee  cannot  perceive  how  the  Directors  of  the 
Central  could  for  a moment  have  agreed  to  such  a provision.  How  would 
they  have  stood,  had  the  Canada  refused  or  been  unable  to  construct  its 
road,  and  they  themselves  had  been  unable  to  complete  it  ? Round  to  pay 
Rent  upon  it  before  it  was  susceptible  of  use  ! Yet  such  is  the  literal  effect 
of  the  Contract,  unless  we  consider  the  Canada,  by  the  terms  of  the  Lease, 
impliedly  bound  to  have  finished  its  work  by  the  1st  December,  1849, 
which  was  an  absolute  impossibility,  as  the  road  was  then  scarcely  begun. 
This  inference,  may,  perhaps,  be  drawn,  although  the  Contract  seems  to  the 
Committee  scarcely  susceptible  of  such  a construction,  at  least  so  far  as 
regards  Stockholders  who  had  previously  subscribed.  If  such  be  its  import 
however,  how  could  the  Directors  of  the  Central  pledge  their  Corporation 
to  such  a bargain,  when  they  must,  or  should  have  known  the  utter  im- 
practicability of  completing  the  road  at  the  time  when  the  payment  of 
Rent  was  to  commence,  and  that  the  Canada  had  not  the  means  to  complete 
it,  had  it  been  possible  ? 

That  they  should  have  known  this,  is  evident  at  once  from  the  fact  that 
their  own  President  was  constructing  agent  of  the  Canada  road,  and  one  of 
its  Directors  ! Further.  — If  the  payment  of  Rent,  whilst  the  road  was  in 
an  unfinished  state,  was  (as  is  most  probable)  a bonus  to  obtain  subscribers, 
why  should  the  Directors  of  the  Central  agree  to  pay  the  subscribers  to  the 
stock  of  the  Canada  eight  per  cent,  upon  their  subscriptions  paid  in,  when 
in  no  other  case,  in  New  England  at  least,  of  which  the  Committee  are 


47 


aware,  is  more  than  six  per  cent,  paid  under  similar  circumstances  ; and 
this  six  per  cent,  ought  to  be  paid,  if  paid  at  all,  (for  the  Committee  doubt 
much  the  expediency  of  thus  reducing  the  capital  of  a Corporation  under 
the  pretext  of  paying  interest  to  Stockholders,)  from  the  funds  of  the  Canada 
Road  itself? 

Apart  from  this  Contract,  which  is,  in  these  respects  at  least,  so  unfavor- 
able to  the  Central,  what  is  to  be  said  of  the  manner  in  which,  without  protest 
or  objection,  the  Canada  has  been  permitted  to  violate  even  the  few  cove- 
nants which  it  contains  on  their  part ! Of  the  fact  that  the  Central  absolved 
it  in  effect  from  the  task  of  raising  the  means  to  construct  the  road  and  its 
appurtenances ; and  have,  by  a series  of  acts,  assented  to  this  violation  of 
the  bargain  ? Yet  all  this  the  Directors  of  the  Central  have  done,  as  will 
be  seen  by  referring  to  the  construction  account  of  the  Committee. 

The  Committee  think  that  against  the  payment  of  Rent  should  be  offset,  at 
least,  the  expenses  incidental  to  putting  the  road  into  the  condition  in  which 
the  Canada  guaranteed  that  the  Central  should  receive  it  at  their  hands  ; 
a claim  to  which,  if  made,  the  Canada  would  doubtless,  to  a certain  extent, 
have  been  bound  to  yield. 

The  Committee  cannot  find  any  adequate  reason  to  assign  for  this  conduct, 
and  they  leave  the  matter  to  the  judgment  of  the  Stockholders  themselves. 
The  Directors  of  the  Vermont  Central  were  certainly  intelligent  men.  That 
they  have  great  ability  in  business,  the  Committee  willingly  admit.  Grant- 
ing these  two  qualities,  the  Committee  feel  perfectly  satisfied  that  in  their 
individual  capacity,  none  of  these  Directors  would  have  made  such  a contract 
relating  to  their  personal  concerns ; or  having  once  made  it,  they  would  never 
have  submitted  to  such  an  open  infraction  of  it  by  the  other  contracting 
party.  Why  then  did  they  do  it  here,  when  the  performance  of  a Trust  was 
involved  ? The  Committee  fear  that  the  best  excuse  is  to  be  found  in  the 
fact,  that  trusts  of  this  nature  are  becoming  less  regarded,  as  the  number 
of  Directors  in  Corporations  increases,  and  the  business  of  Corporations  mul- 
tiplies. The  gentlemen  to  whom  these  affairs  are  entrusted,  finding  the 
labor  incident  to  the  performance  of  their  duty,  onerous  and  unprofitable,  are 
too  frequently  beginning  to  consider  it  of  little  consequence,  and  to  shield 
themselves  from  the  charge  of  negligence,  by  the  excuse,  that  their  services 
are  gratuitously  given,  or  but  slightly  recompensed.  This  may  have  been 
the  case  with  the  Directors  of  the  Central ; and  the  Committee,  should  they 


48 


search  for  an  excuse,  could  not  ascribe  this  omission  on  their  part  to  guard 
the  interests  of  their  constituents,  to  any  less  culpable  cause. 

But  the  Committee,  although  thus  exonerating  the  Directors  of  the  Cen- 
tral from  any  specific  charge  of  misconduct,  do  not,  by  any  means,  excuse  the 
Vermont  and  Canada  Directors  for  thus  taking  advantage  of  the  supineness 
of  their  neighbor.  They  cannot  but  think  that  this  bargain  on  the  part  of  the 
Canada,  and  its  conduct  under  it,  is  in  a moral  point  of  view,  unjustifiable. 
The  Vermont  and  Canada  should  have  been  less  exacting  in  their  demands, 
in  proportion  as  they  found  that  these  demands  were  yielded  to  without  scru- 
tiny ; and  in  dealing  with  so  generous  a party,  there  was  less  excuse  for 
their  omission  to  perform  what  they  had  agreed  and  offered  to  do.  The 
bargain  itself  was  certainly  sufficiently  advantageous;  and  had  the  Vermont 
and  Canada  been  content  to  carry  its  provisions  into  effect,  the  Committee 
would  not  have  been  disposed  to  censure  it.  But  when  the  Canada  found 
they  could  not  complete  the  Contract,  or  comply  with  its  terms,  then  they 
were  bound  to  yield,  and  to  forego  some  of  those  anticipated  profits,  which 
they  found  themselves  unable  to  earn,  and  thenceforth  to  exonerate  the 
Central  from  the  onerous  provisions  of  the  Lease,  if  their  own  Stockholders 
refused  to  complete  the  road  by  subscriptions  or  otherwise ; and  this, 
whether  the  Central  insisted  upon  it  or  not.  Such  an  act  would  have  been 
but  simple  justice ; and  the  Committee  regret  that  the  Vermont  and  Canada 
Directors  did  not  view  it  in  this  light. 

An  instance  of  the  self-sacrificing  disposition  of  the  Central  Road 
towards  the  Canada,  may  be  found  in  the  fact,  that  on  one  occasion,  where 
a debt  of  about  $387,500,  due  from  the  latter  to  the  former  Railroad, 
partly  for  borrowed  money,  and  partly  for  notes  of  the  Canada,  on  which 
the  Central  was  responsible,  (and  which  they  had  been  obliged  to  take  up,) 
was  payable,  and  it  became  necessary  to  pay  it ; the  Central  Road, 
although  aware  beforehand  of  the  loss  consequent  upon  the  operation,  not 
only  relinquished  its  claims  for  such  portion  of  the  debt  as  was  made  up  of 
interest,  the  expenses  of  protest,  &c.,  but  consented  to  receive  the  Stock  of 
the  Canada  Road  in  payment,  at  par;  and  upon  its  receipt,  immediately 
sold  the  Stock  at  a loss  of  $11,625,  which  they  have  never,  to  the  knowl- 
edge of  the  Committee,  called  upon  the  Canada  to  pay  1 

Subsequent  to  this,  in  March,  1852,  the  Central  received  in  return  for 
money  borrowed  of  them  by  the  Canada,  (on  which  interest  as  usual  was 


49 


given  up,)  1,225  shares  of  Stock,  at  par ; and  these  shares,  also,  they  sold 
at  a loss  of  ^2,660  93. 

This  course  was,  to  say  the  least,  most  remarkable.  It  is  to  he  justified, 
if  at  all,  only  by  the  pressure  of  the  circumstances  under  which  these  acts 
were  done.  But  the  Committee  do  not  see  why  the  extraordinary  effort  for 
relief,  if  such  effort  became  necessary,  should  not  have  been  made  by  the 
Canada  Hoad  itself. 

Granting,  however,  for  the  sake  of  argument,  that  the  Directors  of  the 
Central  were  justified  by  the  stringency  of  the  market,  or  similar  causes,  in 
raising  this  large  amount  of  money  in  behalf  of  the  Canada ; and  without 
consulting  their  Stockholders  on  the  subject,  in  lending  this  aid  to  another 
corporation,  the  Committee  cannot  but  consider  it  a great  oversight  on  the 
part  of  the  Directors,  (to  use  the  mildest  term,)  that  they  should  have 
neglected  to  demand  of  the  Canada  some  acknowledgment  at  least,  of  the 
debt,  by  requiring  the  Canada  to  issue  to  them  Stock  in  their  Road  for  this 
amount ; which  the  Canada  would  have  been  bound  to  do.  With  this  Stock 
on  hand,  the  Central  would  have  been  free  to  elect,  whether  to  retain  it 
in  their  drawers  to  keep  down  their  rent, — should  this,  (as  has  been  sug- 
gested by  some  of  their  Directors,)  be  the  cheaper  course  ; and  borrow 
the  money  at  the  sacrifices  at  which  they  did  in  fact  eventually  raise  it, — or 
to  sell  the  Stock  in  the  market  and  apply  the  proceeds  to  extinguish  their 
floating  debt.  A power  of  election^  at  least,  upon  so  important  a matter, 
could  have  been  easily  procured ; and  had  it  been  obtained,  it  would  cer- 
tainly have  exonerated  the  Directors,  in  the  opinion  of  the  Committee,  from  a 
charge  of  neglect,  for  whmh  they  can  find  no  adequate  reason  to  account. 
The  Committee  cannot  believe  that  this  subject  was  ever  thought  by  the 
Directors  worthy  their  special  attention ; for  they  cannot  conceive  that 
this  omission,  on  their  part,  was  the  result  of  any  deliberate  judgment  or 
reflection.  For  how  would  this  Road  stand,  should  a separation  occur 
between  the  two  Corporations  ? Would  they  have  permitted  the  Canada  to 
have  seceded,  taking  with  them  so  valuable  a portion  of  their  property  as 
$250,000  represents,  without  paying  for  it  the  value  of  one  cent  ? Nay, 
further,  would  they  have  been  willing  to  forego  the  advantage  which  even  a 
vote  upon  2500  shares  would  have  ensured  to  them  at  a meeting  of  this 
Corporation,  where  matters  of  such  vital  importance  to  their  own  welfare 
were  to  be  considered  and  acted  upon. 

T 


50 


The  Committee  feared  that  this  liberality  on  the  part  of  the  Central 
toward  the  Canada,  might  be  caused  by  a personal  interest,  which  the 
Directors  of  the  former  might  have  in  the  latter  Road ; for  they  supposed  it 
possible  that  the  Directors  feared  the  effect  which  sales  of  Stock  in  the 
Canada  might  have  in  a market,  where  it  hitherto  had  commanded  $100 
per  share.  But  the  Committee  cannot  find  any  evidence  to  authorize  such 
an  imputation,  and  they  therefore  are  inclined  to  consider  this  remissness 
of  the  Directors  of  the  Central  to  have  resulted  from  some  oversight  on 
their  part. 

The  Committee,  in  treating  this  subject,  wish  to  confine  themselves,  as 
far  as  possible,  to  a simple  report  of  facts.  But  they  cannot  forbear  con- 
gratulating the  Stockholders  of  the  Central,  that,  from  the  nearly  finished 
state  of  the  Canada  Road,  they  are  at  length  comparatively  relieved  from 
the  demands  of  so  unconscientious  and  so  unreasonable  a debtor. 

There  is  one  extraordinary  circumstance  connected  with  the  construc- 
tion of  the  Vermont  and  Canada  Railroad,  which  requires  notice,  viz. : 
the  small  amount  of  its  cost,  compared  with  the  original  estimates.  These 
estimates  made  in  September,  1848,  only  included  that  part  of  the  Road 
between  the  western  shore  of  Grand  Isle  County  and  Essex  Junction,  a 
distance  of  about  forty-six  miles  ; but  the  Road  was  afterwards  extended 
thence  by  a floating  bridge  to  Rouse’s  Point,  at  an  additional  cost 
of  about  $52,436  60.  The  estimate  for  this  distance  of  forty-six 
miles  was  as  follows:  — 


Embankment,  .... 

222,361  33 

Rock  excavation,  .... 

27,497  00 

Gravelling  track,  .... 

54,000  00 

Sq.  culverts  and  cattle  guards. 

17,706  00 

Bridge  masonry,  .... 

147,903  00 

Arch  masonry,  .... 

19,474  00 

Lamoille  River  bridge,  . 

15,300  00 

Indian  Run  bridge. 

4,500  00 

Missisquoi  Bay  bridge, 

231,200  00 

Small  bridges,  .... 

15,000  00 

Superstructure,  .... 

342,000  00 

$1,096,941  33 

51 


The  actual  cost, — not  taking  into  view  here  the  claims  of  the  Central,  on 
account  of  construction,  &c.,but  treating  this  cost  as  reported  by  the  Ver- 
mont and  Canada  books  irrespective  of  this  claim,  and  which  is  not  here 
added  in  by  the  Committee, — is  ,$1,323,324  70.  Deducting  from  this  amount 
the  extra  expense  of  bridging  the  Road  to  Rouse’s  Point,  from  the  western 


shore  of  Grand  Isle  County, 

$52,436  60,  we  find  the  reported  cost  of 

the  forty-six  miles  to  be  but  $1,270,888  10.  And  yet  this  reported  cost 
includes  many  items  of  construction  not  embraced  in  the  estimate,  viz. ; — 

Engineering,  . 

32,853  33 

Land  damages. 

52,886  60 

Road  at  Rouse’s  Point, 

. . . 14,077  05 

Interest, 

14,763  68 

Incidental  expenses, 

. ^ . . 54,986  59 

Depots, 

28,113  98 

Tenements, 

3,401  02 

Insurance, 

327  75 

$201,410  00 


To  compare  this  reported  cost  with  the  estimate,  this  sum  of  $201,410  00 
must  therefore  be  deducted.  Making  this  deduction,  we  find  the  reported 
cost  of  so  much  of  the  work  as  is  embraced  in  the  original  estimate,  to  be 
but  $1,069,478  10. 

Remarkable  as  this  result  is,  it  becomes  more  so  when  we  contrast  it  with 
the  case  of  the  Central  Road,  of  which  the  cost  of  similar  items  of  con- 
struction, by  a series  of  estimates  made  from  April  1, 1848,  down  to  June, 
1849,  (for  no  estimate  of  the  cost  of  this  Road  appears  to  have  been  made 
before  the  work  was  commenced,)  was  computed  at  about  $3,000,000. 
While  the  actual  expense,  exclusive  of  the  losses  by  Belknap  and  Quincy, 
and  the  cost  of  equipment,  (which  is  deducted  because  the  Vermont  and 
Canada  did  not  provide  equipment,)  has  amounted  to  $6,475,444  91 1 

Thus  the  average  cost  of  the  Canada  is  $28,155  84  per  mile.  Whilst 

that  of  the  Central  cannot  be  estimated  at  less  than  $55,345  68 ! 

Yet  both  Roads  were  built  about  the  same  time.  The  Canada  is  as  well 
built,  to  say  the  least,  as  the  Central.  The  engineering  difficulties  encoun- 


52 


tered  in  the  latter,  though  undoubtedly  greater,  could  have  occasioned  but 
a comparatively  small  portion  of  this  extra  expense  ; and  the  land  damages, 
paid  by  them  should  have  been  but  little  higher  in  proportion  than  those 
paid  by  the  former.  The  Vermont  Central  had,  it  is  true,  expended  money 
in  the  construction  of  machine  shops  and  buildings,  which  was  spared  to 
the  Canada  ; but  this  varies  the  average  cost  per  mile  to  a trifling  amount 
merely,  in  this  comparison.  Allowing  for  these  advantages  in  favor  of  the 
Canada  Road,  twenty-five  per  cent,  per  mile  upon  its  reputed  cost,  which 
is  certainly  a liberal  allowance,  we  still  find  the  Central  to  have  cost 
about  $20,000  per  mile  more  than  the  Canada ; and  this  too  notwithstand- 
ing the  cost  of  the  former  is  averaged  upon  one  hundred  and  seventeen 
miles,  whilst  the  latter  is  computed  but  upon  forty  seven.  This  alone 
gives  to  the  Canada  road,  in  this  comparison,  an  advantage  of  about  five  to 
two  ! 

The  cost  of  material  and  labor  should  have  been  about  the  same  per 
mile,  and  both  roads  were  built  principally  under  the  same  management, 
at  least  so  far  as  concerns  their  constructing  agent,  Mr.  Paine,  and  their 
Engineers. 

Could  such  a disparity  have  occurred  in  the  actual  cost  ? Or  have  the 
extra  expenditures  of  the  Central,  been  incurred  in  behalf  of  the  Canada, 
to  a greater  extent  than  the  estimate  made  by  the  Committee  ? The  Com- 
mittee cannot  answer  this  question,  nor  can  they  see  why  the  Canada  cost 
so  little,  and  the  Central  so  much.  For  the  credit  of  the  Directors  of  the 
Central,  it  is  to  be  hoped  ^hat  the  two  results  are  independent  of  each 
other,  and  that  each  is  attributable  to  natural  causes.  The  Directors  of  the 
Central,  however,  must  or  should,  had  they  investigated  the  subject,  have 
early  discovered  this  great  difference.  If  it  did  not  awaken  suspicion,  it 
should  have  led  to  cautious  inquiry.  In  either  case,  they  should  for  the 
future,  have  seen  that  each  Road  was  charged  with  its  own  peculiar  bur- 
dens ; and  they  should  have  prevented  the  confusion  in  the  accounts  of 
the  two  Roads,  which  now  exists  on  the  books  of  the  Corporation,  and  which 
renders  it  impossible  at  the  present  time,  to  ascertain  the  precise  expendi- 
ture consequent  upon  each  ; and  they  should  have  required  the  Canada  to 
assume  losses  incident  to  its  own  construction,  which  they  have  in  some  in- 
stances certainly  failed  to  do,  although  their  attention  was  especially 
directed  to  the  subject.  (Allusion  is  made  here  to  the  losses  on  Stock  be- 
fore referred  to  on  page  48). 


53 


The  Committee  wish  it  was  in  their  power  to  give  a more  particular 
analysis  of  the  cost  of  each  Road,  by  going  behind  the  vouchers  on  file 
which  have  escaped  the  fire,  to  the  individuals  giving  those  vouchers ; and 
ascertaining,  as  a matter  of  fact,  whether  or  not  the  actual  cost  of  each,  if 
the  account  be  equitably  made  up,  is  to  be  apportioned  betw^een  them  as  it 
stands  upon  the  Company’s  books.  This  however  they  have  not  had  the  op- 
portunity of  doing.  They  have  been  obliged  in  all  cases  to  assume  the  au- 
thenticity of  vouchers.  But  in  an  account  made  of  innumerable  items, 
embracing  many  millions  of  dollars,  where  the  contracting  parties  resident 
here,  are  scattered  through  the  country,  from  Boston  to  Rouse’s  Point,  and 
so  few  of  them  known  to  the  Committee,  and  where  many  contracts  have 
been  made  with  persons  abroad,  this  investigation  would  have  occupied  too 
much  of  their  time,  and  would  have  protracted  too  far  the  completion  of 
their  Report.  The  case,  as  represented  by  the  Committee,  assumes  the 
most  unfavorable  aspect  to  the  Central  Road,  this  course  having  been  con- 
sidered by  them  to  be  the  safest  to  pursue. 

The  Committee,  in  this  connection,  feel  bound  to  state,  that  they  con- 
sider the  fact,  that  so  many  of  the  Directors  of  the  Central,  held  similar 
offices  in  the  Canada,  to  have  been  prejudicial,  in  the  earlier  stages  of  con- 
struction, to  the  interests  of  the  Central  Road,  so  far  at  least  as  their 
mutual  financial  operations,  and  the  performance  of  the  contract  between 
them  is  considered.  In  these  particulars,  the  two  Corporations  stood  in  an 
antagonistic  position  to  each  other  ; and  to  guard  their  respective  interests, 
it  would  have  been  well  had  the  two  Boards  been  entirely  distinct.  It 
would  have  materially  diminished  the  responsibility  assumed  by  these  gen- 
tlemen, had  their  action  been  confined  to  the  interests  of  one  side  only. 
In  that  case,  they  would  not  have  taken  upon  themselves  the  delicate  task 
of  binding  both  parties  by  their  single  vote  ; and  they  would  have  avoided, 
in  a great  measure,  the  odium  consequent  upon  an  unfortunate  bargain, 
which  is  certain  to  attach  to  those  voluntarily  assuming  such  a duty. 
Unanimity  of  opinion  in  regard  to  the  best  method  of  conducting  a joint 
business  upon  roads  connecting  with  each  other,  will  doubtless  be  best 
secured  by  giving  to  the  same  parties  the  management  of  each.  But  before 
the  roads  are  finished,  and  particularly  if  the  interests  of  each  be  adverse  to 
the  other,  there  is  no  necessity  for  any  such  arrangement,  and  there  is  an 
impropriety  in  anticipating  it.  The  Committee  think  that  hereafter,  if 


54 


illustration  of  the  truth  of  this  position  be  necessary,  the  joint  representa- 
tion of  the  Central  and  the  Canada  may  be  cited  as  an  example. 

Besides  these  expenditures,  the  Central  has,  until  the  present  time,  with 
their  engines,  officers  and  men,  aided  in  the  actual  construction  of  the 
Canada  Road.  For  the  use  of  the  engines  and  cars  the  Central  may  have 
been  paid  up  to  July  1,  1851,  although  the  Committee  have  found  no  dis- 
tinct evidence  of  the  fact.  But  since  that  time,  no  payment  has  been 
made  on  this  account,  nor  has  any  payment  been  made  at  any  time,  for  the 
services  of  the  officers  of  the  Central  whilst  thus  occupied. 

The  Committee  consider  these  expenditures  of  money  made  directly  and 
indirectly  for  the  Canada  Road, — taken  in  connection  with  the  fact  that  when 
constructed  and  ready  for  use,  the  Central  was  to  pay  as  rent  for  that 
road,  the  sum  of  eight  per  cent,  per  annum  upon  its  whole  cost,  including 
buildings,  fixtures,  and  appurtenances,  and  were  also  to  pay  the  incidental 
expenses,  (salaries  &c.) — to  be  unjustifiable.  It  almost  amounts  to  building 
a road,  for  the  privilege  of  paying  a perpetual  rent  for  its  use.  The  Commit- 
tee are  aware  that  it  is  urged,  that  upon  the  balance,  constituting  the  charges 
constructed  by  them  against  the  Canada  road,  (^Appendix  Table  /.)  which 
is  estimated  by  the  committee  at  §252,583  14,  and  which  will  be  treated 
hereafter  under  the  head  of  losses,  the  Central  have  been  obliged  to  pay 
no  rent.  This  is  undoubtedly  true.  But  the  Committee  have  been  unable 
to  perceive  the  advantage  of  this  exemption,  when  purchased  at  the  ex- 
pense of  the  creation  of  a debt  amounting  to  §250,000,  at  least,  on  which  in- 
terest at  the  rate  of  eighteen  per  cent,  has  been  hitherto  paid  for  about  two 
years,  and  which  has  been  finally  extinguished  by  selling  seven  per  cent. 
Bonds  at  a discount  of  fifteen  to  twenty  per  cent,  on  their  par  value  ! Besides, 
who  can  calculate  the  loss  to  the  Central,  with  its  doubted  credit,  in  being 
obliged  to  increase  its  floating  debt  by  the  addition  of  two  millions  of  dol- 
lars at  least,  which  they  have  in  the  aggregate  advanced  to  the  Vermont 
and  Canada  to  aid  in  its  construction  ! Who  can  say  under  the  sys- 
tem which  prevailed  of  running  the  accounts  of  the  two  Roads  into  each 
other,  that  to  build  the  Canada  Road,  the  Central  has  not  advanced  large 
sums  of  money,  for  materials  and  other  uses,  which  are  not  included  in  the 
charge  of  §250,000,  above  mentioned,  and  are  now  treated  as  constituting 
proper  items  in  the  construction  of  the  Central  itself  ? The  Committee  have 
not  been  able,  at  this  late  day,  to  classify  the  different  expenditures  for 


'55 


materials  charged  to  the  Central  with  sufficient  accuracy  to  enable  them  to 
state  positively  whether  any,  and  what  portion  of  these  materials  were  actu- 
ally used  by  the  Canada  Road ; but  they  regard  the  fact  that  the  reputed 
cost  of  the  Canada  Road — of  about  forty-seven  miles  in  length,  built  at  or 
about  the  same  time  with  the  Central,  including  the  amount  of  $252,583  14 
which  the  Committee  find  that  the  Central  actually  contributed  towards  it, — 
would  be  but  about  $1,600,000 ; when  the  latter  Road  built  by  nearly  the 
same  parties,  is  one  hundred  and  seventeen  miles  in  length,  and  has  cost  about 
$6,225,000,  (after  deducting  the  above  sum  of  $252,583  14,  and  making 
due  allowance  for  the  losses  by  Belknap  and  Quincy,  and  cost  of  equipment) - 
as  not  devoid  of  a significancy  which  the  comparative  expenses  caused  by  the 
nature  of  the  country  traversed  by  the  respective  Roads  will  not  altogether 
account  for ! 


THIRD. 

The  Capital  and  Funded  Debt  of  the  Vermont  Central  Railroad;  and 
herein 

A.  Its  Capital  Stock  ; the  par  value  of  the  various  issues  of  its  Stock  ; 
and  how  the  Stock  has  been  paid  for. 

B.  Its  Bonds  ; their  respective  issues  ; the  mode  in  which  they  have 
been  disposed  of,  and  the  prices  realized  from  the  same. 

A.  — The  Capital  Stock  and  Funded  Debt. 

The  Capital  Stock  and  Funded  Debt  of  the  Company  stands  thus,  on 
the  first  day  of  July,  1853  : — 

Stock, $5,000,000 

Bonds  issued,  ....  3,024,300 

Bonds  to  be  issued,  . . . 475,700 

The  Committee  do  not  think  it  material  to  state  at  length  all  the  trans- 
actions connected  with  the  issue  of  the  Stock ; for  they  do  not  consider 
them  of  sufficient  importance  to  be  particularized.  They  refer  to  their 
Tables  annexed  for  such  details.  (^Appendix,  Table  II.')  The  issues  in  fact 
may  now,  in  reference  to  the  present  condition  of  the  Corporation,  be  con* 
sidered  to  be  — 


56 


1st. 

20,000 

Shares  at 

$100  representing  $2,000,000 

2d. 

25,652 

a u 

50 

1,282,600 

3d. 

4,348 

n a 

50 

‘‘  217,400 

4th. 

50,000 

u a 

30 

“ 1,500,000 

100,000 

a 

“ 5,000,000 

Giving  for  the  100,000  shares  now  in  existence,  an  average  of  $50  each. 

The  Committee  deduce  this  result  from  the  Stock  books  and  the  books 
of  Stock  Certificates  of  the  Corporation  ; and  after  considerable  labor,  they 
have,  as  they  believe,  proved  the  accuracy  of  the  above  statement.  Upon 
their  first  examination  of  the  Stock  account,  as  it  then  stood  on  the  Compa- 
ny’s Records,  they  found  an  apparent  over  issue  of  21 92  shares  ; but  con- 
tinuing their  investigation  further,  they  at  length  discovered  that  this  appa- 
rent over  issue,  with  the  exception  of  one  case,  when  five  shares  only  were 
involved,  originated  in  a series  of  errors  in  the  accounts,  which  the  Com- 
mittee were  enabled  to  correct.  These  errors,  caused  by  the  inaccu- 
rate manner  in  which  the  books  had  been  kept  in  1850,  (Yol.  1 ;)  in 
some  instances  not  only  appeared  in  accounts  which  had  been  trans- 
ferred, but  the  erroneous  entries  themselves  bore  checks  ” or  marks,  in- 
dicating that,  at  some  preceding  examination,  they  had  been  proved  to  be 
correct  1 In  justice  to  the  Clerks  of  the  Company,  it  is  proper  to  observe, 
however,  that  the  task  of  keeping  accurate  accounts  of  the  transfers  of 
Stock  in  a Corporation  like  the  Vermont  Central  Railroad,  when  one  hun- 
dred thousand  shares  are  the  subject  of  daily  speculation,  and  transferd 
either  directly  or  as  collateral  security,  and  where  thousands  of  shares  may 
be  said  to  change  hands  daily,  is  very  great : and  the  performance  of  it 
requires  much  labor  and  care  on  the  part  of  the  Clerks  having  charge  of 
these  books.  At  the  time  that  these  errors  occurred,  there  was  not,  in  the 
opinion  of  the  Committee,  sufficient  force  in  this  department,  to  ensure  the 
accuracy  requisite  in  so  important  a branch  of  the  business. 

In  respect  to  the  five  shares  above  referred  to,  they  were  found  to  have 
been  over  issued  to  a Broker,  through  the  mistake  of  one  of  the  Clerks,  by 
whom  the  number  of  shares  standing  to  this  party’s  credit  was  over  esti- 
mated. The  gentleman,  to  whom  this  over  issue  was  made,  promptly  rec- 
tified the  error,  upon  information  of  its  existence. 


57 


There  have  been,  at  various  times,  more  than  the  above  number  of  Sliares 
issued,  by  the  authority  of  the  Directors ; issues  for  more  than  100,000 
Shares  having  been  originally  authorized.  But  the  Directors  from  time  to 
time,  as  other  means  for  the  payment  of  the  Company’s  debts  were  called 
into  existence,  purchased  in  these  surplus  Shares  with  the  funds  of  the 
Company,  until  their  number  was  reduced  to  100,000.  The  mode  by 
which  these  purchases  were  made,  seems  to  the  Committee  to  have  been 
justifiable  ; and  they  do  not  think  it  necessary  to  allude  to  them  in  detail. 
The  Shares  were  generally  purchased  at  a less  price  than  that  originally  re- 
ceived for  them  by  the  Corporation,  Avho  may,  so  far  as  this  transaction  ex- 
tends, be  considered  gainers  by  the  operation. 

The  Committee,  in  this  connection,  feel  bound  to  state,  that  by  the  books 
it  appears  that  the  Company  sustained  a loss  in  the  years  1847-8,  from 
the  defalcation  of  one  their  earlier  Clerks,  who,  in  some  instances,  retained 
to  his  own  use  moneys  received  from  the  sale  of  the  Company’s  Stock. 
This  is  the  only  instance  of  the  kind,  however,  which  the  Committee  have 
discovered,  and  the  amount  is  comparatively  small.  They  feel  confident 
that  the  Stock  account  as  corrected  by  them  is  now  accurate  — 100,000 
Shares,  — of  which  number  585  are  yet  held  by  the  Company  as 
security  for  assessments  still  unpaid,  and  1846  are  now  owned  by  the 
Corporation  as  “ forfeited  Stock.”  The  statement  made  in  the  Appendix 
will  show  the  details  from  which  this  result  is  obtained. 

The  Committee,  to  test  the  accuracy  of  the  Stock  account,  have  exam- 
ined the  Certificate  and  Transfer  books  of  the  Stock,  to  see  whether  the 
Certificates  supposed  to  be  outstanding  did  in  fact  correspond  with  the 
record  of  the  same  upon  the  Stock  Ledger.  This  examination  was  made 
by  comparing  the  margin  of  each  Certificate  cut  out  of  the  Certificate 
books,  with  the  cancelled  Certificates  on  file  ; and  then  by  comparing  the 
list  of  those  Certificates  cut  out  of  the  books,  but  not  on  file,  as  cancelled, 
or  otherwise  accounted  for,  with  the  list  of  Certificates  shown  by  the 
Stock  Ledger  to  be  outstanding.  The  result  of  this  comparison  was  not 
entirely  satisfactory,  as  the  two  lists  did  not  exactly  correspond  ; but  the 
Committee,  from  other  sources  of  information,  infer  that  most  of  the  Certifi- 
cates unaccounted  for,  were  destroyed  or  mislaid,  and  they  do  not  think  it 
possible  that  any  adverse  claim  will  be  made  upon  them.  In  some  of  these 
instances,  the  Certificates  are  credited  as  returned  upon  the  Stock  Ledger  ; 

8 


58 


the  remainder  were  undoubtedly  returned  to  the  Transfer  office  in  New 
York,  established  by  this  Company,  but  were  never  forwarded  to  the  office 
here.  This  office  has  long  been  given  up. 

The  Committee  feel  bound  to  state,  however,  in  this  connection,  that 
there  have  been  unauthorized  over-issues  of  Stock  ; but  these  Shares  have 
been  returned,  and  without  loss  to  the  Corporation.  The  Committee  do 
not  think  it  necessary,  now  that  the  errors  have  been  rectified,  to  give  any 
statement  of  the  particulars  connected  with  them.  For  they  cannot  be- 
lieve that  the  interests  of  the  Stockholders  now  require  it.  The  parties 
receiving  the  Shares  doubtless  took  them  in  good  faith  ; and  their  issue  may 
be  accounted  for  easily  by  the  unsatisfactory  manner  in  which,  at  that  time, 
the  accounts  of  the  Corporation  were  kept,  the  Company  being  constantly 
exposed  to  losses  of  this  nature  ; and  their  final  escape  from  which,  with 
the  exception  of  the  case  before  alluded  to,  goes  far  to  prove  the  personal 
integrity  of  the  Clerks  who  had  so  many  opportunities  to  defraud  the 
Company,  of  which  no  advantage  was  taken. 

B.  — Its  Bonds. 

Their  respective  issues ; the  mode  in  which  they  have  been  disposed  of, 
and  the  prices  realized  from  the  same. 

The  Vermont  Central  Railroad  has,  from  time  to  time,  issued  Bonds 
to  the  following  amounts,  for  the  payment  of  its  floating  debt,  and  interest 
to  its  Stockholders,  namely, — 

$595,700,  payable  July  1st,  1852. 

$27,200,  payable  October  1st,  1854. 

$278,100,  payable  January  1st,  1856. 

$2,000,000,  payable  November  1,  1861,  and  secured  by  the  first 
Mortgage  of  the  Road. 

$1,024,300,  payable  July  1,1867,  and  secured  by  the  Second  Mort- 
gage of  the  Road. 

Of  this  latter  class  of  Bonds,  $475,700  remain  to  be  applied  to  the  ex- 
tinguishment of  the  floating  debt,  and  to  complete  the  construction  of  the 
Road — the  whole  issue  authorized  being  $1,500,000. 

The  Bonds  payable  in  July  1,  1852,  have  been  paid,  and  taken  up  by 
the  Company,  with  the  exception  af  $12,000. 


59 


(Note.  Since  the  date  of  this  Report,  $10,000  more  of  these  have  been 
takenTup  and  paid  by  the  Company.) 

Those  payable  in  1854,  were  redeemed  by  the  Corporation  to  aid,  as  it 
is  believed,  the  sale  of  their  Bonds  secured  by  Mortgage. 

The  Bonds  payable  in  1856  were  issued  principally  in  payment  of  inter- 
est due  the  Stockholders  upon  their  subscriptions  to  Stock ; although 
$44,300  were  sold  for  cash. 

Of  these  Bonds  due  in  1856,  $64,700  have  been  bought  up  by  the 
Company,  and  the  balance  of  this  issue  is,  by  their  vote,  to  be  paid  by  the 
sale  of  a sufficient  amount  of  the  Second  Mortgage  Bonds  on  hand. 

The  $2,000,000  of  First  Mortgage  Bonds  so  called,  (although  in  fact 
this  Mortgage  is  subsequent  to  that  by  which  the  payment  of  the  rent  due 
the  Canada  Road,  is  secured,)  constitute  the  whole  of  this  issue  authorized 
by  the  Company.  They  are  all  held  by  purchasers. 

In  regard  to  the  ‘‘  Second  Mortgage  Bonds,’’  so  called,  one  million  and  a 
half  of  them  was  authorized  by  the  Company.  Of  these,  about  one 
million  only  has  been  sold  up  to  the  present  time.  But  Bonds  of  this 
issue,  to  the  amount  of  $194,300,  are  now  outstanding  as  collateral  secur- 
ity to  notes  payable. 

The  Bonds  now  outstanding,  on  which  the  Corporation  is  responsible, 
may  be  thus  estimated  : — 


$12,000 

213,400 

2,000,000 

1,024,300 


Bonds  due  in  1852, 
Bonds  due  in  1856, 
1st  Mortgage  Bonds, 
2nd  do  do 


The  Bonds  of  this  latter  issue  pledged  as  collateral,  are  not  here  con- 
sidered to  be  a debt  of  the  Company,  as  the  notes  secured  by  them  con- 
stitute part  of  their  liabilities,  which  are  treated  of  elsewhere. 

The  examination  of  that  portion  of  the  transactions  of  the  Company 
relating  to  these  Bonds  and  their  issues,  occasioned  more  difficulty,  if  pos- 
sible, than  any  other  branch  of  the  investigation ; and  occupied  the  Com- 
mittee a great  length  of  time.  It  was  of  the  first  importance,  in  order  to 
estimate  the  liabilities  of  the  Company,  that  the  amount  of  their  outstand- 
ing Bonds  should  be  accurately  ascertained  ; and  to  this  work  the  Committee 


60 


first  directed  their  attention,  hoping  to  receive  considerable  assistance  from 
the  books  of  the  Corporation,  which  they  supposed  would  of  course  contain 
a reasonably  correct  record  of  the  Bonds  issued  from  time  to  time.  To 
their  astonishment,  however,  the  Committee  found,  that,  as  to  a great  por- 
tion of  the  Bonds  due  in  1852,  no  such  record  had  been  kept ; or  if  it  had 
been  kept,  the  Committee  have  been  unable  to  find  it.  The  account  of 
these  Bonds  due  in  1852,  had,  it  is  true,  been  correctly  kept  during  Mr. 
Walley’s  administration,  which  was  terminated  by  his  sickness  in  1848.  But 
during  this  period,  a comparatively  small  number  of  the  Company’s  Bonds 
had  been  sold.  Mr.  Walley  was  succeeded  by  Mr.  Daniel  White,  who 
was  at  that  time  one  of  the  Directors,  and  who,  by  a vote  passed  October 
24,  1848,  was  authorized  to  exercise  the  powers  of  Treasurer,  during  the 
time  ‘‘  Mr.  Walley  should  be  absent.”  Mr.  Walley  sent  into  the  Board  of 
Directors  a letter  of  resignation,  which  was  accepted  March  12,  1849, 
when  Mr.  William  Warner  was  elected  Treasurer  pro  tern.”  Mr. 
Warner  continued  to  act  until  Mr.  Josiah  Quincy,  Jr.  entered  upon 
the  duties  of  that  office,  on  the  first  of  September  1849. 

The  Committee  are  forced  to  believe  that  no  Bond  book  ” whatever 
of  these  Bonds  had  been  kept,  from  the  time  of  Mr.  Walley’s  illness,  up  to 
the  1st  of  September,  1849  ; although  in  one  instance  during  this  period, 
an  issue  to  the  amount  of  311,200  was  made  to  Mr.  S.  F.  Belknap,  as  a 
loan.  Of  this  issue  no  original  entry  appears  ! The  difficulty  caused  by  this 
neglect,  had  been  severely  felt  by  the  Corporation,  previous  to  the  appoint- 
ment of  the  Committee,  and  efforts  had  been  made  to  procure  a list  of  such 
of  these  Bonds  as  were  then  outstanding. 

Mr.  J.  W.  Seymour,  one  of  the  Clerks  of  the  Company,  had  been  able, 
from  the  journal  and  cash  entries,  and  from  papers  on  the  files,  to  obtain  a 
partial  account  of  the  missing  Bonds.  This  list  so  made  up  by  Mr.  Seymour, 
reflects  much  credit  upon  his  clerical  skill  and  industry,  and  it  proved  of 
considerable  assistance  to  the  Committee,  although  it  was  far  from  com- 
plete. There  had  been  also  entries  made  in  the  Bond  book  of  the  Compa- 
ny, relating  to  the  1852  Bonds,”  which  had  been  sold  by  the  Company 
during  Mr.  Quincy’s  administration.  During  that  period,  however,  but 
very  few  of  these  Bonds  had  been  disposed  of. 

To  ascertain  the  amount  of  outstanding  Bonds  of  this  issue,  the  Commit- 
tee were  forced  to  trace  them  by  means  of  the  Coupons  which  had  been 


61 


paid ; and  these,  in  some  instances,  were  paid  by  checks,  against  which 
entries  were  made,  showing  the  numbers  of  the  Bonds  to  which  the  Cou- 
pons had  been  attached,  and  the  names  of  the  parties  to  whom  the  Checks 
were  given.  Copies  of  letters  were  also  discovered  in  the  letter  books, 
showing  that  Bonds,  bearing  certain  numbers,  had  been  sent  for  signature 
to  the  President,  and  returned  signed  by  him.  By  these  means,  in  con- 
nection with  the  different  accounts  of  the  printers,  found  amongst  the 
vouchers,  giving,  in  some  instances,  the  number  of  blank  sheets  printed  by 
them  for  this  issue,  and  various  memoranda  found  on  the  files  of  the  Com- 
pany, signed  by  the  Finance  Committee,  to  the  effect  that  certain  of  these 
Bonds  had  been  returned  and  destroyed,  the  Committee  were  at  length 
able  to  construct  an  account,  upon  the  accuracy  of  which  they  felt  willing 
to  rely.  This  accuracy  was  satisfactorily  tested  by  the  presentation  of  the 
Bonds  and  Coupons,  on  and  after  the  first  of  July,  1852,  which  verified 
their  accounts  previously  made  up. 

A table  of  these  Bonds  is  annexed,  (^Appendix^  Table  III.')  which  will 
show  in  detail  the  consideration  received  for  each  ; and  it  will  be  observed 
that  a portion  of  these  Bonds,  (namely,  to  the  amount  of  $70,900,)  was 
pledged  by  Mr.  Josiah  Quincy,  Jr.,  as  collateral  for  his  own  notes,  which 
notes  have  been  paid  by  the  Company  to  enable  them  to  regain  their 
Bonds. 


Bonds  Payable  in  1854. 

These  Bonds  have  been  redeemed  by  the  Company  as  has  before 
been  stated.  A considerable  amount,  namely,  $355,000,  was  pledged 
by  Mr.  Josiah  Quincy,  Jr.,  as  collateral  for  his  individual  notes,  which 
have  also  been  taken  up  by  the  Company.  A table  of  these  Bonds  is  an- 
nexed, which  will  show  in  detail  the  objects  for  which  they  were  respec- 
tively issued.  (^Apipendixy  Table  III.) 

Bonds  Payable  in  1856. 

These  Bonds  were  issued  originally  for  the  purpose  of  paying  the 
Stockholders  their  dividends  of  interest,  to  which,  by  the  terms  of  sub- 
scription, they  were  entitled  under  a vote  passed  May  9th,  1850,  as 
follows : — 


“ Voted,  That  the  Treasurer  is  further  directed  to  issue  Bonds  of  the 
Company,  payable  in  six  years  from  the  first  day  of  January  1850,  with 
Coupons  of  interest  payable  semi-annually,  said  Bonds  to  be  issued  in  pay- 
ment of  such  interest  dividends  to  Stockholders,  as  have  not  been  other- 
wise provided  for,  and  in  sums  of  even  hundred  dollars.” 

Under  a subsequent  vote  of  the  Company,  however,  passed  March  18th, 
1851,  to  the  following  effect, — ‘‘  Voted,  That  the  Finance  Committee  be 
authorized  to  dispose  of  the  Company’s  Bonds  of  the  same  tenor  and  date 
as  those  heretofore  issued  by  this  Company,  to  an  amount  not  exceeding 
five  hundred  thousand  dollars,  on  such  terms  as  they  may  think  for  the 
interest  of  the  Company,  and  that  the  proceeds  be  paid  to  the  Treasurer, 
for  the  purpose  of  reducing  the  Company’s  floating  debt,  and  paying  for 
additional  motive  power,” — the  Officers  of  the  Company  sold  Bonds  of  this 
issue  to  the  nominal  amount  of  $44,300.  Mr.  Quincy  had  pledged 
$28,000  of  these  Bonds  also,  as  collateral  to  his  individual  notes,  which 
have  been  paid  by  the  Company.  To  ascertain  the  mode  in  which  these 
bonds  have  been  negotiated,  reference  may  be  had  to  the  annexed  table, 
(^Appendix,  Table  HI.') 

The  Bond  books”  of  the  issues  of  1854  and  1856,  though  not  kept 
in  so  satisfactory  a manner  as  could  have  been  wished,  were  substan- 
tially accurate.  In  the  accounts  of  the  Bonds  of  1856,  some  clerical 
errors  were  discovered  and  corrected. 

First  and  Second  Mortgage  Bonds. 

The  books  relating  to  these  two  issues,  have  been  well  and  regularly 
kept,  one  clerical  error  alone  having  been  discovered  in  the  accounts  of 
the  Bonds  under  the  first  Mortgage.  The  Committee  annex  tables  of 
the  First  Mortgage  Bonds,  to  show  the  prices  realized  from  their  sale, 
and  the  uses  to  which  they  have  been  put.  (^Appendix,  Table  III.)  No 
Table  has  been  made  by  the  Committee,  of  the  Second  Mortgage  Bonds,  as 
the  account  was  not  closed  on  the  books,  and  it  was  not  thought  sufficiently 
important  to  give  a partial  statement. 

The  Committee  have  carefully  compared  the  Bonds  which  have  from  time 
to  time  been  paid  by  the  Company  with  the  Tables  before  referred  to,  and 
by  this  means,  and  by  an  examination  of  Coupons  when  presented  for  pay- 


63 


merit,  they  feel  satisfied  that  their  Tables  are  substantially  accurate.  In 
regard  to  the  Bonds  said  to  be  ‘‘  destroyed,”  the  Committee  have  assumed 
the  certificates  of  the  Finance  Committee,  found  on  file  to  that  effect,  to  be 
true  ; and  as  some  time  has  now  elapsed  since  these  Tables  were  made  up, 
and  no  Coupon  or  Bond  has  been  presented  for  payment,  other  than  those 
which  by  these  Tables  the  Committee  presume  to  be  outstanding,  they  feel 
confident  that  no  error  to  any  considerable  amount  can  possibly  exist. 
The  certificates  made  by  the  Finance  Committee  in  relation  to  the  destruc- 
tion of  Bonds,  are  made  with  much  apparent  care,  and  are  doubtless 
correct. 

FOURTH. 

The  Construction  of  the  Vermont  Central  Mailroad^  and  the  prin- 
cipal Contracts  of  the  Corporation  relating  thereto.  The  Cost  of  the 
Road^  and  of  its  Equipment,  and  their  Present  Value.  The  Losses  charge- 
able to  this  head,  and  herein : 

A.  The  Loss  sustained  through  S.  F.  Belknap. 

B.  The  Loss  sustained  through  Josiah  Quincy,  Jr. 

The  Vermont  Central  Railroad,  as  we  have  seen,  is  located  in  the 
State  of  Vermont,  extending  from  Windsor  to  Burlington,  a distance  of 
one  hundred  and  seventeen  miles. 

The  Directors  determined  on  the  28th  of  August,  1845,  that  the  inter- 
ests of  the  Company  required  that  ‘‘  the  entire  line  of  the  Road  should  be 
put  under  contract  as  soon,  and  that  the  work  should  be  urged  to  a com- 
pletion with  as  little  delay,  as  is  consistent  with  due  regard  to  economy.” 

Proposals  for  constructing  the  Road  &c.,  were  received  from  different 
quarters,  and  considered,  as  is  usual  in  such  cases.  S.  F.  Belknap  was 
an  applicant.  The  Road  was  divided  into  seven  sections.  These  were 
undertaken  by  Mr.  Belknap,  by  whom  two  were  underlet  to  Berry  Thomp- 
son & Co.,  with  the  consent  of  the  Corporation  ; who,  thereupon  released 
Mr.  Belknap  from  responsibility,  on  these  two  sections,  and  made  with 
him  a Contract  for  the  construction  of  the  Road,  which  was  adopted  by  the 
Board,  January  17,  1856.  But  the  prices  fixed  by  this  Contract  giving 
dissatisfaction  to  Mr.  Belknap,  a new  Contract  was  made  between  him  and 
the  Corporation,  November  16,  1846. 

These  Contracts  are  in  the  following  terms  : 


04 


ARTICLES  OF  AGREEMENT 

Made  this  twenty-fifth  day  of  November,  in  the  year  1845,  by  and 
between  Sewell  F.  Belknap,  of  Concord,  in  the  County  of  Middlesex 
and  Commonwealth  of  Massachusetts,  Contractor,  of  the  one  part,  and 
the  Vermont  Central  Railroad  Company,  by  their  President,  of  the 
second  part,  VvTtness  : — 

That  for  and  in  consideration  of  the  payments  and  covenants  hereinafter 
mentioned,  to  be  made  and  performed  by  said  Corporation,  the  said  party 
of  the  first  part  doth  hereby  promise  and  agree  to  execute,  construct  and 
finish,  in  every  respect,  in  the  most  substantial  and  workmanlike  manner, 
and  to  the  satisfaction  and  acceptance  of  the  Engineer  of  said  Corporation, 
the  grading,  masonry  and  bridging  of  the  entire  Vermont  Central  Railroad, 
commencing  at  some  point  on  the  eastern  shore  of  Lake  Champlain,  at  Bur- 
lington, Vermont,  and  extending  as  at  present  located  by  the  Board  of 
Directors,  or  as  it  may  be  located  by  said  Board,  or  by  the  Engineer,  to  a 
point  opposite  Chase’s  Island,  or  to  any  other  point  in  Windsor,  or  in  any 
other  town  on  Connecticut  River  below  Windsor,  at  which  point  the  Direc- 
tors of  the  Vermont  Central  Railroad  Company  may  hereafter  locate  this 
Road,  for  the  purpose  of  connecting  with  the  Cheshire  Railroad.  And  the 
said  Vermont  Central  Railroad  shall  be  made  and  completed  as  described 
in  the  following  specifications,  on  or  before  the  thirty-first  day  of  January, 
in  the  year  1848. 

1.  Under  the  head  of  Grading  shall  be  included  all  excavations  and  em- 
bankments required  for  the  formation  of  a road-bed  for  a single  track,  and 
all  necessary  turn-outs  ; also  the  preparation  of  all  such  Depot  grounds, 
sites  for  W'ater  stations,  &c.,  as  shall  be  required  by  the  Engineer,  the  dig- 
ging of  all  ditches,  the  foundations  for  masonry,  and  bailing  water  from  the 
same,  changing  the  directions  of  streams,  and  all  other  excavations  and 
embankments  in  any  w^ay  connected  with,  or  incident  to,  the  construction 
of  the  Railroad. 

2.  All  grading  shall  be  done  and  estimated  by  the  cubic  yard,  measured 
in  excavation,  and  shall  be  comprised  under  the  three  following  heads,  viz : 
earth,  rotten  ledge,  and  solid  ledge. 


65 


Earth  shall  include  every  thing  but  rotten  ledge  and  solid  rock. 

Rotten  ledge  shall  include  such  as  can  be  removed  by  picks  and  bars, 
without  blasting,  and  measuring  more  than  twenty  cubic  yards. 

Solid  rock  shall  include  all  stones  measuring  more  than  twenty  yards, 
and  all  ledges  which  cannot  be  taken  out  without  blasting,  or  splitting  by 
means  of  hammers  and  wedges. 

3.  The  Road  shall  be  graded  for  a single  track,  (except  at  Depots, 
Turn-outs,  and  other  places  hereinafter  provided  for,)  with  a road-bed  of 
such  width,  and  slopes  of  such  inclination,  as  the  Engineer  shall  designate  ; 
and  in  conformity  to  such  depths  of  cuttings  and  fillings,  and  to  such  de- 
markations  as  may  have  been,  or  may  hereafter  be,  determined  and  fixed 
upon  as  guides  and  boundaries  for  the  work. 

4.  The  surface  of  the  Road  when  finished  off,  and  at  grade,  shall, — ex- 
cept when  the  Engineer  shall  otherwise  direct,  — be  sixteen  feet  wide  on 
embankments,  twenty-six  feet  wide  in  earth  excavations,  and  tv/enty  feet 
wide  in  rock  excavations.  The  road-bed  shall  consist  of  free  sand  or  gravel, 
to  the  depth  of  at  least  two  feet,  and  when  other  materials  shall  be  found  in 
the  excavations,  — as  also  in  all  other  cases  when  the  Engineer  shall  deem 
such  course  necessary,  — the  embankments  shall  first  be  raised  to  within 
not  less  than  two  feet  of  grade,  and  afterwards,  the  sand  or  gravel  required 
for  finishing  the  same,  as  also  for  the  road-bed  in  the  excavations,  shall  be 
taken  from  such  place  or  places  on  the  line  of  the  Road  or  adjacent  thereto, 
within  the  limits  of  the  section,  as  the  Engineer  shall  designate  ; provided, 
that  after  such  sand  or  gravel  shall  have  been  placed  upon  the  Road,  no 
clay  or  other  earth  unsuitable  for  the  road-bed  shall  be  hauled  over  it.  In 
case  no  sand  or  gravel,  suitable,  in  the  opinion  of  the  Engineer,  for  the 
road-bed,  can  be  obtained  on  any  section,  or  sufficiently  near  the  same  to 
be  made  available,  or  in  case  such  sand  or  gravel  cannot  be  obtained  from 
land  holders  on  terms  satisfactory  to  the  Corporation,  then  such  sections 
shall  be  finished  off  according  to  such  grades  as  the  Engineer  shall  establish. 

5.  All  clearings,  grubbing,  ditching,  draining,  &c.,  that  may  be  required 
on  the  sites  of  the  excavations,  embankments,  depots,  &c.,  shall  be  done, 
and  the  trunks,  tree  tops,  and  other  rubbish  shall  be  removed  to  such  dis- 

9 


66 


tance,  and  disposed  of  in  such  manner  as  the  Engineer  may  direct,  and  no 
extra  charge  or  allowance  shall  be  made  therefor,  it  being  expressly  under- 
stood that  the  expenses  attendant  upon  doing  all  such  work  are  included 
in  the  price  per  yard  to  be  paid  for  grading  ; and  in  reference  to  grubbing, 
it  is  understood  that  all  roots,  stumps,  &c.,  found  on  the  sites  of  the  em- 
bankments, when  not  more  than  three  feet  below  grade,  shall  be  grubbed  up 
and  removed  beyond  the  limits  of  the  embankment. 

6.  The  earth,  gravel,  and  other  materials,  except  stone  suitable  for  ma- 
sonry and  other  purposes,  taken  from  the  excavations  upon  any  section, 
shall  be  used  and  applied  in  the  formation  of  embankments  on  the  same 
section,  and  when  the  quantity  of  materials  taken  from  any  excavation  shall 
be  greater  than  that  required  to  make  the  embankments  of  the  usual  width, 
the  surplus  shall  be  deposited  on  one  or  both  sides  of  the  embankments  in 
such  manner  as  to  increase  their  width  uniformly,  or  in  such  manner  as  the 
Engineer  shall  direct.  In  cases  where  the  quantity  of  materials  taken  from 
the  excavations  in  any  section,  shall  not  be  sufficient  for  the  formation  of 
the  requisite  embankments,  the  deficiency  shall  be  supplied  by  materials 
taken  from  the  adjacent  grounds,  at  such  places  as  the  Engineer  may  desig- 
nate, or  from  an  enlargement  of  the  excavations  made  equally  and  uniform- 
ly on  one  side  or  both  sides  of  the  same,  or  in  such  other  manner  as  the 
Engineer  may  deem  necessary  and  proper ; and  the  sides  of  the  excava- 
tions, in  all  such  cases,  shall  be  dressed  off  to  such  slope  as  the  Engineer 
shall  require  : provided,  that  if  the  Contractor  shall  have  sloped  such  exca- 
vations according  to  the  directions  of  the  Engineer,  before  widening  the 
same,  he  shall  receive  for  sloping  the  second  time,  such  compensation  as 
said  Engineer  may  deem  fair  and  reasonable : provided,  also,  that  no  Con- 
tractor shall  be  required  to  supply  the  deficiency  of  materials  last  referred 
to  at  an  expense  of  haul  greater  than  the  average  haul  of  the  section. 

7.  Whenever  the  route  of  the  Railroad  is  traversed  by  public  or  private 
roads,  commodious  passing  places  shall  be  kept  open  for  the  accommodation 
of  all  having  occasion  to  use  them  ; and  whenever  excavations  or  embank- 
ments may  be  required  in  order  to  establish  or  maintain  such  passes  or 
crossing  places,  the  Contractor  engaged  on  the  section  traversed  shall  pre- 
pare such  passing  places  in  such  manner  as  the  Engineer  shall  direct,  and 


67 


keep  them  free  from  obstructions  ; and  whenever  the  route  of  the  Railroad 
shall  approach  so  near  to  any  public  or  private  road  as  to  render  necessary 
the  discontinuance  of  the  same,  and  the  construction  of  a new  road,  all  ex- 
cavation and  embankment  required  in  the  construction  of  the  same  shall  be 
done  by  the  Contractor,  according  to  the  direction  of  the  Engineer,  and,  in 
payment  for  the  same,  as  well  as  the  work  done  at  the  crossing  places  above 
named,  he  shall  receive  the  same  price  per  yard  as  for  other  grading  on  the 
section. 

8.  All  stone  taken  from  excavations  shall  be  removed  to  such  places, 
within  the  average  haul  of  the  section,  as  the  Engineer  may  designate, 
and  such  stone  shall  be  the  property  of  the  Corporation. 

9.  The  location  of  any  portion  of  the  Road  may  be  altered  whenever 
the  Engineer  may  consider  such  alteration  necessary  and  expedient ; and 
if  said  alteration  be  made  on  any  section,  or  part  of  a section,  before  the 
commencement  of  the  work  thereon,  the  contractor’s  prices  shall  remain 
the  same ; if  made  afterwards,  such  allowance  or  deduction  shall  be  made 
therefor,  as  the  Engineer  may  judge  fair  and  equitable  to  both  parties. 

10.  All  masonry  shall  be  done  and  estimated  by  the  cubic  yard,  and 
shall  be  included  under  the  three  following  heads,  viz  : Bridge  Masonry, 
Culvert  Masonry,  and  Arch  Masonry. 

Bridge  Masonry  shall  include  all  abutments,  piers  and  other  walls, 
(except  bank  walls)  more  than  six  feet  high. 

Culvert  Masonry  shall  include  all  side  or  bank  walls,  and  all  other 
masonry  whereof  the  walls  do  not  exceed  six  feet  in  height. 

Arch  Masonry  shall  include  all  arches.  The  stone  used  shall  be  of  a 
hard  and  durable  quality,  of  good  size  and  shape,  and  such  in  all  respects 
as  the  Engineer  shall  approve. 

11.  The  Culvert  Masonry  shall  also  be  laid  in  a strong  and  workmanlike 
manner,  according  to  the  plans  and  directions  of  the  Engineer.  The  cov- 
ered culverts  will  not  be  less  than  two  nor  more  than  six  feet  wide,  the 
covering  stones  shall  have  a good  bearing  of  at  least  one  foot  in  length  on 
each  wall,  and  for  all  culverts  not  exceeding  three  feet  wide  shall  be  at 


68 


least  one  foot  thick  ; for  Culverts  from  three  to  four  feet  wide,  fifteen  inches 
thick ; and  for  all  others,  eighteen  inches  thick.  The  Culverts  shall  have  a 
good  substantial  paving,  whenever  the  Engineer  shall  consider  the  same 
necessary,  the  stones  to  be  of  such  size  as  to  make  the  paving  of  the 
required  thickness  without  placing  one  upon  the  top  of  another,  to  be  very 
closely  laid,  the  interstices  between  the  large  stones  filled  with  smaller 
stones,  and  the  whole  well  rammed  or  hammered  down.  The  ends  of  the 
Culverts  shall  be  secured  from  undermining,  in  such  manner  as  the  Engi- 
neer may  designate.  The  whole  to  be  measured  >by  the  cubic  yard. 

12.  The  proportion  of  headers  and  stretchers  in  the  different  kinds  of 
masonry,  shall  be  such  as  the  Engineer  shall  prescribe  ; and  the  headers 
shall  extend  through  all  wails  not  exceeding  four  and  a half  feet  in  thick- 
ness. At  least  one  half  of  the  stones  in  the  top  course  of  the  walls  of 
covered  Culverts,  shall  be  headers,  and  all  the  stones  in  the  top  course  of 
all  other  walls  not  exceeding  four  and  a half  feet  thick,  shall  extend 
entirely  through  the  same  ; and  no  stone  in  such  top  course  shall  be  less 
than  six  inches  thick.  The  joints  shall  be  well  broken  according  to  the 
direction  of  the  Engineer. 


13.  The  arch  and  bridge  masonry  shall  be  epcuted  in  the  best  manner, 
according  to  the  plans  and  directions  of  the  Engineer ; said  masonry  may 
be  of  two  kinds  or  qualities,  either  of  which  may  be  adopted  at  the  discre- 
tion of  said  Engineer.  In  work  of  the  first  quality,  the  stones  shall  be 
dressed  on  the  beds  and  builds,  in  such  a manner  as  to  have  a good  bear- 
ing upon  each  other  throughout,  and  laid  in  regular  courses  or  ranges. 
Work  of  the  second  quality,  may  be  laid  in  irregular  courses,  after  the 
manner  of  rubble  work,  but  with  the  utmost  regard  to  strength, — the  stones 
having  a good  bearing  upon  each  other,  no  chips,  pinners,  or  other  stones 
being  used,  that  may  by  any  means  be  crushed. 

14.  The  price  paid  per  yard  for  masonry,  shall  in  every  case  include 
the  furnishing  of  all  materials,  and  the  transportation  of  the  same  to  the 
place  where  wanted,  the  cost  of  all  scaffoldings,  centerings,  &c.,  and  the 
preparation  of  all  roads  and  bridges  that  may  be  required,  in  order  to  trans- 
port the  stone  or  other  materials  to  the  work. 


69 


15.  No  claim  for  detention  on  account  of  the  work  not  being  laid  out 
in  season,  shall  he  allowed,  unless  the  Engineer  shall  have  been  notified,  in 
writing,  of  the  want  of  such  work,  at  least  three  days  previously  to  the 
commencement  of  such  alleged  detention.  Nor  shall  any  claims  be  made 
or  allowed  for  extra  work,  unless  the  same  shall  have  been  done  in  pursu- 
ance of  written  contracts  or  orders,  signed  by  the  Engineer ; and  all 
claims  for  work  done  under  such  written  contracts  or  orders,  or  on  any 
other  account,  shall  be  presented  for  settlement,  on  or  about  the  beginning 
of  the  month  following  that  in  which  said  work  may  have  been  done,  or  at 
any  other  time  within  three  days  after  the  Engineer  shall  have  demanded 
the  same ; and  in  case  of  failure  so  to  present  them,  the  Contractor  shall 
forfeit  all  such  claims,  and  hereby  is  pledged  not  to  present  them  in  any 
way  afterwards. 

16.  The  length  of  any  sections  may  be  either  increased  or  diminished 
by  the  Engineer,  upon  the  same  conditions  that  the  location  of  a portion  of 
the  road  may  be  altered,  as  stated  in  the  ninth  specification  above. 

17.  The  Corporation  will  assure  a right  of  way  over  the  premises  of  land 
owners,  so  far  as  may  be  necessary  to  afford  the  Contractors  convenient 
access  to  their  work ; but  the  Contractors  shall  be  responsible  for  all 
damage  done  to  such  premises,  in  consequence  of  leaving  gates  or  fences 
open ; and  also  for  all  depredations  upon  fences,  wood-lots,  or  other  pro- 
perty, by  the  workmen  in  their  employ. 

And  for  a failure  to  make  and  complete  the  grading,  masonry,  and 
bridging  of  said  entire  Vermont  Central  Railroad,  within  the  time  fixed  for 
its  completion,  the  Engineer  shall  assess  such  damages  as  he  may  think 
just  and  reasonable,  and  charge  said  party  of  the  first  part  with  the  amount 
thereof,  or  the  said  Engineer  may  employ  other  help  to  hasten  the  comple- 
tion of  the  work  within  the  said  specified  time,  and  the  expense  of  such 
help  shall  be  paid  by  said  party  of  the  first  part.  Or  in  case  it  should 
appear  to  said  Engineer,  that  the  work  had  not  progressed  with  suflicient 
rapidity,  he  shall  have  the  power  to  determine  that  this  contract  has  been 
abandoned,  and  in  event  of  such  determination,  this  agreement,  on  the  part 
of  said  Corporation,  shall  become  null  and  void,  and  any  balance  of  money 


70 


due  shall  be  forfeited  by  the  said  party  of  the  first  part,  to  the  said  Corpo- 
ration ; and  the  said  Engineer  shall  have  full  right  to  contract  with  any  per- 
son or  persons,  instead  of  the  said  party  of  the  first  part,  his  heirs,  executors, 
administrators  or  assigns,  for  the  completion  of  said  work  ; and  the  said 
party  of  the  first  part  hereby  covenants  and  agrees,  that  he  will  not  molest, 
hinder  or  interrupt  the  said  Corporation,  or  those  employed  by  them,  in  the 
prosecution  of  said  work. 

And  the  said  party  of  the  first  part  shall  not  let  or  transfer  this  Contract, 
or  any  part  thereof,  or  sub-let  any  part  of  the  work  to  any  other  person  or 
persons  without  the  consent  of  the  said  Engineer.  — And  to  avoid  disputes, 
interruptions  and  hindrances  to  the  regular  and  peaceable  progress  of  the 
different  parts  of  the  work,  and  to  prevent  unnecessary  injury  to  the  rights, 
property  and  persons  of  residents  in  the  vicinity,  or  of  persons  traveling  on 
or  near  the  line  of  said  Vermont  Central  Railroad  j said  Engineer  shall  have 
power  to  dismiss  from  the  service  of  the  said  party  of  the  first  part  every 
quarrelsome,  disorderly  person,  and  such  as  shall  be  addicted  to  habits  of 
intemperance,  and  the  said  party  of  the  first  part  shall  not  employ  any  per- 
son who  has  been  so  dismissed  from  the  service  of  any  other  Contractor ; 
and  furthermore,  the  said  party  of  the  first  part  shall  not  sell  or  furnish 
spirituous  liquors  either  to  persons  in  his  employ,  or  to  any  other  person  or 
persons  on  or  near  the  line  of  said  Road.  This  provision  is  understood  as 
prohibiting  entirely  the  use  of  ardent  spirits,  as  above,  and  its  infringements 
will  subject  the  said  party  of  the  first  part  to  the  dismissal  and  forfeiture 
hereinafter  mentioned. 

In  condition  of  the  fulfilment  by  the  said  party  of  the  first  part, 
of  the  foregoing  provisions  of  this  Contract,  the  said  Charles  Paine, 
President,  for  and  in  behalf  of  the  Vermont  Central  Railroad  Company, 
hereby  promises  and  agrees  that  the  said  Corporation  shall  and  will,  for  do- 
ing and  performing  the  work,  as  aforesaid,  pay,  or  cause  to  be  paid  to  the 
said  party  of  the  first  part,  his  heirs,  executors,  administrators  or  assigns, 
at  such  rate  for  each  description  of  work  stated  in  the  Proposals  ” hereto 
annexed,  as  Charles  Paine,  Robert  G.  Shaw,  Jacob  Forster,  John  Peck, 
S.  M.  Felton,  J.  C.  Chesbrough,  and  William  Beckwith,  or  a majority  of 
their  number,  shall  decide  to  be  a fair  and  reasonable  price  for  doing  the 
work  aforesaid,  as  set  forth  and  described  in  these  “ Articles  of  Agree- 
ments ” and  “ Proposals.”  A. — [See  Page  72.] 


71 


The  payments  within  the  limits  of  this  Contract  shall  be  made  as  follows  : 
Between  the  first  and  tenth  day  of  each  month,  after  the  commencement 
of  the  work,  said  Engineer  shall  estimate  the  quantity  of  work  done, 
and  give  a draft  on  the  Treasurer  of  said  Corporation  for  three-fourths  of 
the  amount  then  due  for  said  work,  which  draft,  approved  by  the  President 
of  said  Company,  shall  be  paid  to  the  said  party  of  the  first  part,  on  presen- 
tation to  the  Treasurer  of  said  Corporation.  Provided,  however.  That 
no  estimate  shall  be  made  or  draft  given,  within  one  month  after  the  com- 
mencement of  the  work ; and  provided,  also,  that  no  draft  for  a less  sum 
than  five  hundred  dollars  shall  be  given,  except  at  the  discretion  of  the 
Engineer.  And  when  the  whole  of  the  work  on  said  Road,  said  Belknap  here- 
by contracts  for,  shall  have  been  accepted,  agreeably  to  contract,  the  balance 
due  shall  be  paid  to  the  said  party  of  the  first  part,  his  heirs,  executors, 
administrators  or  assigns.  And  the  Engineer  shall  be  the  sole  judge  of  the 
quality  and  quantity  of  all  the  said  work  herein  specified,  and  from  his  de- 
cision there  shall  be  no  appeal. 

And  it  is  hereby  further  agreed,  that  if  the  said  party  of  the  first  part 
shall  not,  on  his  part,  well  and  truly  perform  all  the  covenants  herein  con- 
tained, said  Engineer  may  dismiss  him  from  the  work,  and,  in  that  event, 
this  Contract  shall  become  null  and  void  ; and  any  balance  for  work  done 
on  said  Road,  which  would  have  been  due  the  said  party  of  the  first  part, 
shall  be  forfeited,  and  become  the  right  and  property  of  the  Corporation. 

In  witness  whereof,  the  party  of  the  first  part  has  hereunto  set  his  hand 
and  seal  this  twenty-fifth  day  of  November,  A.  D.  1845,  and  the  Vermont 
Central  Railroad  Company,  by  their  President,  have  signed  the  same  the 
same  and  year,  and  caused  the  same  to  be  authenticated  by  their  com- 
mon seal  and  countersigned  by  their  Treasurer. 

(Signed)  8.  F.  BELKNAP.  [L.S.] 

In  presence  of 

(Signed)  Joseph  Bell,  witness  to 
S.  F.  Belknap  and 
S.  H.  Walley,  Jr.  signatures. 

Vermont  Central  Railroad  Company^ 

(Signed)  Per  CHARLES  PAINE,  Pres.  [L.S.] 

Witness  for  Charles  Paine, 

(Signed)  H.  A.  Ueann. 


(Signed)  SAMUEL  H.  WALLEY,  Jr.,  Treas.  [L.S-] 


72 


A. — [See  bottom  Page  70.] 

Viz.  for  grading  per  cubic  yard ; earth  so  much ; rotten  ledge, 
do.  ; solid  ledge,  do. ; for  masonry,  per  cubic  yard  ; bridge  masonry,  first 
quality,  do.  ; bridge  masonry,  second  quality,  do. ; culvert  masonry,  do. ; 
arch  masonry,  first  quality,  do.  ; arch  masonry,  second  quality,  do. ; and 
bridging  so  much  per  running  foot,  such  prices  to  be  determined  within 
nine  months  from  the  date  of  these  articles ; and  in  the  meantime,  and 
until  such  decision,  the  payments  to  be  determined  from  time  to  time  by 
the  President  and  Chief  Engineer  ; it  being  understood  and  agreed,  that 
the  said  Company  shall  have  the  right  to  control  the  work,  and  to  suspend 
such  parts  thereof  as  they  shall  deem  expedient,  from  time  to  time,  till 
such  time  as  they  shall  see  fit  to  resume  the  same  ; and  it  is  further  under- 
stood and  agreed  by  the  parties  hereto,  that  the  award  of  said  Paine, 
Shaw,  Forster,  Peck,  Felton,  Chesbrough,  and  Beckwith,  or  of  a majority 
of  them,  specifying  the  sum  of  money  for  each  description  of  work  as 
recited  above,  viz  : grading  &c.,  and  also  for  bridging  and  for  loss  by  reason 
of  suspending  the  work  on  any  part  thereof,  to  be  paid  to  said  Belknap, 
under  and  in  fulfilment  of  this  contract  shall  be  binding  and  conclusive, 
and  final  upon  all  parties  hereto. 

It  is  further  mutually  agreed  by  the  parties  hereto,  that  the  said  party 
of  the  first  part  shall  simultaneously  with  execution  of  this  contract, 
let  two  sections  of  the  road,  which  said  party  of  the  first  part,  has  hereby 
agreed  to  construct,  to  Berry  Thompson  & Co.,  at  the  prices  for  which 
they  have  proposed  to  contract,  which  prices  are  contained  in  a schedule 
of  proposals  ” hereto  annexed,  marked  B. ; it  being  understood  and 
agreed  by  the  parties  hereto,  that  the  said  party  of  the  second  part,  guar- 
antees the  execution  of  the  work  by  said  Berry  Thompson  & Co.,  that  is, 
that  said  party  of  the  first  part,  shall  not  be  held  responsible  for  the  fulfil- 
ment of  the  contract  of  said  Berry  Thompson  and  Company,  on  their 
part ; and  further,  that  said  Berry  Thompson  & Co.,  shall  agree  to  con- 
form to  the  rules  of  said  party  of  the  first  part,  as  to  price  of  labor, 
&c.,  which  shall  be  for  the  mutual  benefit  of  the  Company  and  the  Con- 
tractors ; the  said  party  of  the  second  part,  to  take  and  hold  the  Bonds 
of  said  Berry  Thompson  & Co.,  for  the  faithful  performance  of  their  con- 
tract, according  to  the  terms  of  their  said  proposal  hereto  annexed, 
marked  B.  [See  Page  73.] 


73 


\ 


COMMONWEALTH  OF  MASSACHUSETTS. 

Suffolk  ss.,  Dec.  3,  1815. 

Then  personally  appeared'  Sewell  F.  Belknap,  and  acknowledged  the 
within  Contract  bj  him  sabscribed  to  be  his  free  act  and  deed. 

Before  me, 

(Signed)  JOSEPH  BELL, 

Justice  Peace. 

COMMONWEALTH  OF  MASSACHUSETTS. 

Suffolk  ss.,  January  7,  184j. 

Then  personally  before  me  appeared  Charles  Paine,  President  of  the 
Vermont  Central  Railroad  Company,  in  behalf  of  said  Company,  and  as 
President  of  said  Company  acknowledged  this  Contract  by  said  Company 
subscribed,  to  be  the  free  act  and  deed  of  said  Company. 


. BS. — [See  rottom  Page  72.] 

VERMONT  CENTRAL  RAILROAD  PROPOSALS. 


Division. 

1 Section. 

1 Grading, 

1 Eartli. 

1 

i 

Ao'W’ 

2 

lOi 

3 

9| 

4 

9| 

5 

91 

6 

10 

7 

81 

S,  per  Cubic  Yard. 


Masonry,  |)er  Cubic  Yard. 


28c 

28 

28 

28 

28 

28 

28 


49c  i 

48 

46 

45 

44 

56 

43 


1st  Quality. 

50 
3 50 
3 50 
3 50 
3 50 
3 50 
3 50 


Hridge  .Masonry 

Culxert 

Arch  Mason- 

,  Arcli  Mason- 

2d Quality. 

Masonry. 

ry  1st  Quality 

ry  2il  Quality. 

$2  50  ~ 

“$3~75 

” $!2  50 

2 00 

1 40 

3 75 

2 50 

2 00 

1 40 

3 75 

2 50 

2 00 

1 40 

3 75 

2 50 

2 00 

1 40 

3 75 

2 50 

2 00 

1 40 

3 75 

2 50 

2 00 

1 70 

3 75 

2 50 

The  undersigned  hereby  propose,  to  the  President  and  Engineers  of  the 
Vermont  Central  Railroad  Company,  to  build  and  complete  the  grubbing, 
clearing,  grading,  masonry,  &c.,  &o,,  on  either  or  all  the  divisions  to 
uliich  prices  are  affixed,  in  the  schedule  above,  according  to  the  terms  of 
the  printed  contract,  and  specifications  herewitli  fumislied,  and  on  the 
acceptance  of  this  proposal,  for  all  or  cither  of  said  sections,  do  hereby 
bind  ourselves  to  enter  into  and  execute  a contract  in  said  form  furnished, 
and  give  the  required  bond  and  surety  to  perform  the  said  work  for  the 
prices  above  named. 


(Signed) 


Northjield^  Vt.,  Nov.  5,  1845. 


BERRY  THOMPSON  & Co. 

Contractors. 


10 


» 


T4 


The  undersigned,  a Committee  appointed  by  the  Directors  of  the  Ver- 
mont Central  Railroad  Company,  and  charged  with  completing  the  contract 
with  S.  F.  Belknap,  on  the  terms  proposed  by  him,  and  accepted  by  the 
Board  of  Directors,  hereby  assent  to  the  within  Contract,  and  request 
Charles  Paine,  President,  in  their  behalf  and  in  behalf  of  the  Company,  to 
execute  the  within,  by  signing,  sealing,  and  acknowledging  the  same,  inclu- 
ding the  submission  of  all  questions  under  this  contract  to  reference  as 
herein  provided. 

(Signed)  Ch.\kles  Paine,  Com. 

Sameel  H.  Walley,  Jr.,  Treas. 

Samuel  M.  Felton,  Engineer. 

James  R.  Langdon,  Com. 

Boston^  Nov.  25, 1835. 

The  work  proposed  is  of  such  magnitude  that  a slight  change  in  the 
price  of  labor  will  greatly  effect  the  amount  to  be  paid  out  by  the  Con- 
tractors, and  as  the  movements  in  Europe  are  likely  to  change  the  whole 
price  of  labor,  both  here  and  there,  I propose  to  do  the  grading,  masonry, 
&c.,  of  the  whole  of  the  Vermont  Central  Railroad,  agreeable  to  their 
printed  contract  and  specification,  the  price  to  be  determined  within  nine 
months  from  present  time,  by  the  Chief  Engineer,  the  President,  not  less 
than  two  Directors  and  two  of  the  resident  Engineers,  to  be  designated  by 
the  Directors  when  it  shall  be  better  known  what  the  prices  of  labor  will 
be,  and  also  what  the  new  crop  will  be  the  next  season.  This  arrangement 
will  give  to  both  the  Company  and  myself,  an  opportunity  of  ascertaining 
the  true  character  of  the  material  and  work,  and  what  is  a fair  and  reason- 
able price  for  doing  the  work,  and  such  as  will  undoubtedly  be  satisfactory 
to  both  parties.  In  the  meantime,  the  payments  to  be  determined  from 
time  to  time  by  the  Chief  Engineer  and  President.  The  Company  shall 
have  the  right  to  control  the  work  and  suspend  such  parts  of  the  work  as 
they  shall  deem  expedient  from  time  to  time. 

The  undersigned,  hereby  propose  to  the  President  and  Engineers  of  the 
Vermont  Central  Railroad  Company,  to  build  and  complete  on  either  or 
all  the  sections,  to  which  prices  are  affixed  in  the  Schedule  above,  accord- 
ing to  the  terms  of  the  printed  contract  and  specifications  herewith  fur- 
nished, and  on  the  acceptance  of  this  proposal,  for  all  or  either  of  said 


75 


sections,  do  hereby  bind,  to  enter  into  and  execute  a 

contract  in  said  form  furnished,  and  give  the  required  bond  and  surety  to 
perform  the  said  work  for  the  prices  above  named. 

(Signed)  S.  F.  BELKNAP, 

Boston,  Nov.  21,  1845.  Contractor. 

Boston,  Nov.  22,  1845.  I hereby  agree  to  the  following  additional 
words  to  my  proposition  as  above,  that  the  time  for  determining  prices  shall 
be  within  nine,  instead  of  six  months,  and  also  to  the  following  words  in 
the  margin,  as  above,  first,  “ and  not  less  than  two  Directors,”  second, 
and  President.” 

(Signed)  S.  F.  BELKNAP. 


I hereby  agree  that  the  following  named  persons.  Directors  and  Engi- 
neers, shall  and  hereby  are  fully  authorized  to  determine  and  affix  the  several 
prices  to  my  proposition  within  named,  and  that  their  decision  shall  be 
final  and  conclusive  upon  the  parties  hereto,  to  wit : 


Charl  s Paine, 
Robert  G.  Shaw, 
Jacob  Forster, 
John  Peck, 


^ Directors. 


S.  M.  Felton,  1 

J.  C.  Chesborough,  j-  Engineers. 

Wm.  Beckwith,  J 

(Signed)  S.  F.  BELKNAP. 

The  Committee  to  whom  this  proposal  was  referred,  hereby  accept  the 
within  proposition,  and  the  Chairman  notify  Mr.  Belknap  of  its  acceptance. 

(Signed  S.  S.  Lewis, 

Charles  Paine, 

Samuel  M.  Felton, 

Jacob  Forster, 

Daniel  Baldwin. 


Boston,  Nov.  22,  1845. 


76 


Under  these  Contracts  Mr.  Belknap  proceeded  to  construct  the  Bead,  until 
the  Spring  of  1849,  -when  the  President  was  authorized  by  the  Board  to 
prosecute  the  work  during  Mr.  Belknap’s  sickness  or  absence.” 

On  or  about  the  8th  June,  1819,  however,  the  Directors  decided  “ that 
Mr.  Belknap  had  abandoned  his  Contract,”  gave  him  notice  accordingly, 
and  the  Road  was  from  that  date  constructed  under  the  direction  of  Mr. 
Paine,  the  President,  to  whom  authority  was  given  for  the  purpose.  As 
Mr.  Belknap  failed  at  or  about  that  time,  the  interference  of  the  Directors 
became  necessary. 

The  Corporation  has  also  suffered  heavy  loss  from  casualties  and  other 

< : 1 L ^ A : 

I.  — Losses  by  fire  at  Windsor,  West  Alburg,  and  by  the 

two  fires  which  occurred  at  Northfield.  No  esti- 
mates appear  to  have  been  made  of  the  loss  by 
either  of  the  first  three  of  these  fires.  The  last 
fire  at  Northfield  was  estimated  at  §118,553  98, 
of  which  §20,000  was  repaid  to  the  Company  by 
Insurers,  leaving  the  loss  sustained  in  this  in- 
stance  by  the  Corporation  . - . . 

II.  — Losses  by  freshet  in  July,  A.D.  1850,  which  amounted  to 

III.  — Loss  by  S.  F.  Belknap,  on  Bonds  lent  him,  monies  over 

advanced,  and  on  Stock  to  Avhich  he  was  a sub- 
scriber at  par,  but  had  failed  to  pay  assessments 
upon  in  full ; which  loss  4ie  Committee  estimate  at 

IV.  — Losses  upon  forfeited  Stock,  or  Stock  on  which  assess- 

ments have  not  been  fully  paid,  and  on  Stocks 
received  in  exchange  for  Stock  and  Bonds  sold 
by  the  Company,  ..... 

V.  — Discount  on  the  sale  of  Bonds  amounting  to 

VI.  — Interest  amounting  to  ..... 

VII.  — Amount  paid  for  the  construction  of  the  Vermont  and 

Canada  Railroad,  which  has  not  been  refunded  to 
this  Company,  estimated  at  . 

VIII.  — Losses  by  change  of  allignment  of  the  Road  . unimportant. 


§98,553  98 
32,803  06 


500,000  00 


369,857  67 
528,556  18 
763,957  68 


252,583  14 


77 


IX. — Loss  by  Joslah  Quincy,  Jr.,  after  deducting  value  of 
Assets  received  from  him,  and  without  computing 
interest,  say, $295,205  46 

The  Cost  of  the  Road  (exclusive  of  equipment)  estimated 

July  1st,  1853,  including  these  items,  is  . 7,270,650  37 

As  an  offset,  however,  to  a certain  extent,  the  Company  has 
its  claim  against  the  Vermont  and  Canada  Road, 
which,  if  paid,  will  go  to  the  credit  of  Construction 
account,  to  the  amount  of  . 252,583  14 

The  equipment  of  the  Road  has  cost  ....  801,630  68 

To  represent  this  cost  of  Road  and  equipment  there  are  — 

100,000  shares  Stock  at  an  average  of  $50  each,  . 5,000,000  00 

1st  Mortgage  Bonds  due  in  1861,  ....  2,000,000  00 

2d  “ “ ‘‘  “ 1867,  ....  1,024,300  00 

The  Road  then  has  cost  per  mile,  $62,042  31,  exclusive  of  equipment. 

The  Committee  have  had  a thorough  examination  made  of  the  present 
condition  of  the  Road  and  its  equipment,  by  gentlemen  of  great  experience 
in  such  matters,  whose  reports  appear  to  be  correct  and  reliable.  They 
are  annexed.  (^Appendix^  Parrotds  Report.') 

From  a careful  estimate  of  the  value  of  the  labor  and  mate- 
rials necessary  for  its  construction,  and  also  of  the  ex- 
pense incident  upon  building  a Road  through  such  a 
country,  which  presents  great  obstacles  in  an  engineer- 
ing point  of  view,  the  Committee  feel  safe  in  assum- 
ing the  value  of  the  Vermont  Central  Railroad  alone 
to  be  $40,000  per  mile  ; that  is  to  say,  they  do  not 
think  that  it  could,  under  favorable  circumstances,  be 
constructed  at  a less  cost.  For  the  whole  Road, 
therefore,  the  value  would  be  ...  . $4,680,000  00 

The  value  of  equipment  for  such  a Road,  the  Committee 

estimate  at  $5,000  per  mile,  or  . . . . 585,000  00 


$5,265,000  00 


78 


^Mien  considering  the  actual  value  of  the  present  Road  and  equipment, 
a proper  deduction  must  of  course  be  made  from  these  amounts  by  the 
reader,  to  allow  for  deterioration,  kc.  This,  however,  should  be  provided 
for,  to  a great  extent,  by  annual  repairs. 

As  respects  the  losses  before  alluded  to. 

I. — The  losses  by  fires  which,  though  thought  at  the  time  to  be  the  work 
of  incendiaries,  must  of  course,  for  the  purposes  of  this  Report,  be  consid- 
ered accidental.  The  Committee  have  obtained  no  satisfactory  account  of 
their  origin. 


II. — Loss  by  freshet.  This  loss  was  accidental  and  unavoidable. 

The  losses  by  freshets,  and  by  the  last  fire  at  Northfield,  were  originally 
charged  in  the  books  of  the  Company  to  ‘‘  Construction  ” account,  but  the 
Committee,  in  making  their  estimate,  have  transferred  them  to  “ Profit  and 
Loss,”  and  have  credited  the  same  account  with  the  surplus  earnings  since  the 
opening  of  the  Road,  after  paying  Rent  to  the  Vermont  and  Canada,  Interest 
on  Bonds,  and  Expenses  of  working  the  Road.  These  surplus  earnings 
amount  to  §99,852  19,  leaving  a balance  charged  to  ‘‘Profit  and  Loss  ” of 
$31,501  85  to  be  met  by  the  future  receipts  of  the  Corporation.  These 
losses,  therefore,  cannot  be  considered  as  an  item  in  construction ; they 
are  referred  to  in  this  connection  for  purposes  of  convenience,  as  it  was 
thought  necessary  to  notice  them  specifically  in  some  part  of  the  Report. 
By  referring  to  the  balance  sheet,  the  reader  will  perceive  that  it  is 
made  up  in  accordance  with  this  statement. 

A. — The  loss  sustained  through  S.  F.  Belhnaio, 

* 

III— The  loss  sustained  through  S.  F.  Belknap,  on  Bonds  lent  him, 
monies  over  advanced,  and  on  Stock  to  which  he  was  a subscriber  at  par, 
but  had  failed  to  pay  assessments  upon  in  full,  the  Committee  estimate  at 
about  $500,000. 

This  loss  sustained  through  Mr.  Belknap’s  agency  has  been  very  large. 


79 


and  has  perhaps  contributed  more  than  any  other  to  the  financial  difficulties 
of  the  Corporation.  It  is  not  attributable  simply  to  the  fact  that  Mr.  Bel- 
knap failed  to  fulfil  his  contract,  and  that  thereby  the  Company  were  obliged 
to  finish  the  work  at  great  sacrifice,  owing  to  the  advanced  prices  for  labor 
and  materials  they  were  compelled  to  pay  to  complete  it ; but  also,  and 
mainly,  to  advances  and  loans  made  to  Mr.  Belknap,  by  which  this  Com- 
pany has  sunk  upwards  of  $500,000.  The  former  may  be  considered  one 
of  the  risks  taken  by  Railroad  Companies,  by  whom  work  of  this  descrip- 
tion is  generally  let  out  on  contract,  and  against  which,  therefore,  un- 
der the  present  system  of  construction,  it  is  perhaps  very  difficult  to  guard. 
But  the  latter  the  Committee  are  forced  to  ascribe  mainly  to  the  loose 
manner  in  which  the  business  of  the  Road  was  done,  and  to  the  want  of 
proper  oversight  and  good  judgment  on  the  part  of  the  Directors  as  a 
Board,  and  to  the  fact  that  they  or  some  of  them  at  least,  were  willing  to 
sustain  Mr.  Belknap’s  credit  at  the  expense  of  that  of  the  Corporation. 

Mr.  Belknap  was  paid  from  time  to  time  every  thing  that  was  due  under 
his  contract,  by  the  terms  of  which  as  will  be  perceived,  he  was  to  receive 
monthly,  seventy-five  per  cent  of  the  value  of  the  work,  which  the  Engineer, 
by  an  estimate  made  from  time  to  time,  should  ascertain  to  have  been  done. 

For  this  sum  the  Engineer  was  to  give  Mr.  Belknap  sight  drafts  upon  the 
Treasurer ; and  the  remaining  twenty-five  per  cent  w^as  to  be  retained  by 
the  Company,  as  security  for  the  ultimate  performance  of  the  Contract. 
By  the  account  which  the  Committee  have  drawn  up,  it  appears  that  these 
estimates  from  the  time  Mr.  Belknap  began  his  work  to  June  30th,  1849, 
inclusive,  amount  to  $2,053,291  04 ! and  that  Belknap  never  failed  to  draw 
for  his  seventy-five  per  cent,  at  or  about  the  time  when  it  became  due  : and 
when  the  Directors  declared  the  Contract  “ abandoned”  on  his  part,  in 
1849,  Mr.  Belknap  had  received  on  these  drafts,  $1,539,968  28.  There 
should  then  have  been  in  the  Treasury  $513,322  76,  to  indemnify  the  Com- 
pany against  the  contingency  of  Mr.  Belknap’s  failure.  This  sum  would 
•have  been  most  useful  for  such  a purpose,  but  the  Directors  had  failed  to 
reserve  it.  They  had  gone  much  farther  ; they  had  not  only  paid  him  on 
account  of  this  reserve,  $458,964  90,  but  they  had  actually  lent  him 
Bonds  to  the  amount  of  $283,200,  (giving  credit  here  for  such  as  happened 
to  be  on  hand  at  Mr.  Belknap’s  decease,  and  were  returned  by  his  repre- 
sentatives,) and  on  which  the  Company,  in  addition  to  the  principal,  has 


80 


paid  $72,783  00  interest;  and  they  had  also  permitted  him  to  run  in 
arrear  to  his  Stock  subscriptions  (for  ^vhieh,  previously  to  his  contract,  he 
had  subscribed  at  par)  to  the  amount  of  $168,992  more,  exclusive  of  inter- 
est! This  makes  in  all,  as  before  stated,  a loss,  ^vhich, — including  interest 
calculated  upon  his  Stock  subscriptions,  and  on  paid  Coupons,  and  deducting 
the  value  of  Assets  on  hand  as  collateral  security  for  certain  other  monies 
lent  to  Mr.  Belknap, — amounts  to  at  least  §500,000.  To  say  nothing  of 
the  fact,  that  the  Company,  to  complete  the  work  already  estimated  as 
‘‘  finished,”  has  expended  at  least  §100,000  more.* 

The  Committee  have  annexed  tables  in  the  Appendix,  ( Table  IV^')  show- 
ing in  detail  such  of  the  transactions  of  the  Company  with  Mr.  Belknap, 
as  they  have  been  able  to  trace.  Tney  are  well  aware  that  the  demands 
of  the  Corporation  upon  him  were  submitted  to  Referees,  who  awarded  to 
the  Company  a sum,  very  nearly,  if  not  exactly  corresponding  in  amount 
with  the  value  of  the  assets  of  Mr.  Belknap,  in  the  possession  of  the  Com- 
pany as  collateral.  But  after  a careful  review  of  all  the  papers  and  docu- 
ments on  file  which  they  have  been  able  to  discover,  the  Committee  feel  it 
impossible  to  base  their  estimate  of  the  loss  through  Mr.  Belknap,  upon  the 
award  of  the  Referees,  the  difference  between  the  two  results  being  fully 
§500,000.  Of  the  arguments  used  by  Mr.  B’s  representative,  the  Com- 
mittee of  course  know  nothing,  except  so  far  as  they  are  loosely  reported 
on  memoranda  in  the  office  of  the  Company.  They  feel  it  their  duty 
to  submit  their  own  views  upon  the  subject  without  regard  to  the  award, 
which  cannot  have  any  effect  upon  the  present  investigation,  except  so  far 
as  it  renders  a more  careful  examination  of  the  accounts  necessary,  on  the 
part  of  the  Committee. 

In  the  account  against  Mr.  Belknap  constructed  by  the  Committee 
(^Appendix he  is  charged  with  the  Bonds  and  Coupons  which  he  bor- 
rowed at  par,  that  being  the  price  which  the  Corporation  were  compelled 
to  pay  to  regain  them. 


* This  is  not  the  fault  of  the  Engineer,  whose  estimates  were  made  according  to  custom  for 
“ finished  Avork,”  although  in  a strict  sense  of  the  word,  the  Avork  Avas  not  actually  complete;  this 
tenn,  in  such  connection,  having  reference  to  the  extent  of  the  AA'ork,  rather  than  the  state  of 
finish. 


81 


Mr.  Belknap  is  also  in  this  account  charged  at  par  with  the  5000  shares 
to  which  he  subscribed,  because  by  his  subscription  he  agreed  to  pay  for 
them  $100  per  share  ; and  this  liability,  by  an  endorsement  on  his  contract 
Mr.  Belknap  admitted  as  late  as  November  17, 1846,  about  fifteen  months 
afterwards.  The  Referees  in  their  award,  limited  Mr.  Belknap’s  liability 
(as  is  believed)  to  the  market  value  of  the  Bonds  at  that  time  ; but  the 
Committee  do  not  find  any  evidence  authorizing  them  to  draw  any  similar 
conclusion.  The  value  assumed  by  the  Committee  for  the  Bonds  may 
be  too  high,  as  they  might  have  been  replaced  under  par,  the  price  being 
then  about  ninety-seven  per  cent.  In  respect  to  his  Stock,  they  see  no 
reason  why  Mr.  Belknap  should  not  have  been  compelled  to  fulfil  the  terms 
of  his  subscription,  with  other  Stockholders.  He  does  not  appear  to  have 
hesitated  to  claim  ail  the  'privileges  of  a Stockholder  to  which  they  entitled 
him,  having  voted  and  received  interest  upon  them. 

This  decision  is  probably  binding  upon  the  Company,  so  far  as  the  claim 
itself,  or  such  of  its  items  as  were  submitted  to  the  Referees  are  con- 
cerned ; but  the  existence  of  the  loss  which  the  Company  have  in  fact 
suffered,  is  to  the  Committee  equally  apparent. 

There  were  doubtless  counter  claims  on  the  part  of  Mr.  Belknap  against 
the  Corporation,  but  the  Committee  have  not  found  any  on  file  which  are 
substantiated  by  sufficient  evidence  to  authorize  them  to  acknowledge  their 
validity,  with  the  exception  of  a claim  for  constructing  a Depot  at  Windsor, 
amounting  to  $14,196  56,  which  was  allowed  to  Mr.  Belknap,  and  a 
further  claim  for  extra  work,  for  which  he  was  also  allowed  by  the  Engineer 
$10,000  more.  However  this  may  be,  the  Committee  are  somewhat 
astonished  at  the  fact,  that  the  Referees,  in  an  unsettled  account  embracing 
so  many  thousands  of  dollars,  should  have  found  a balance  due,  which  so 
nearly  corresponded  with  the  value  of  Mr.  Belknap’s  assets  in  the  possession 
of  the  Company ; and  consider  the  coincidence  somewhat  extraordinary,  if 
the  award  is  to  be  treated  as  the  deliberate  judgment  of  the  Referees  upon 
the  amount  of  the  claim  submitted,  without  reference  to  the  means  of  pay- 
ment, which  is  certainly  in  the  opinion  of  the  Committee  a distinct 
matter. 


11 


82 


rV.  Losses  on  forfeited  Stock,  or  Stock  on  which  assessments  have 
been  unpaid,  and  on  Stocks  received  in  exchange  for  Stock  and  Bonds 
sold  by  the  Company,  estimated  at  ...  . ^369,857  67 

These  losses,  though  large,  are  not  unusual.  But  they  might  have  been 
materially  diminished,  had  the  Directors  seen  fit  at  an  earlier  period  to  sell 
shares  now  on  hand,  although  long  declared  forfeit,  which  they  might  have 
' done,  at  more  than  double  their  present  market  value.  Votes  of  the  Board 
authorizing  their  sale,  have  been  passed  on  various  occasions,  and  it 
is  probable  that  these  shares  would  have  been  sold,  had  not  the  Directors 
hoped  to  obtain  for  them  a better  price,  or  gain  some  other  advantage 
by  the  delay,  and  the  Committee  do  not  therefore  blame  the  Directors  for 
the  disastrous  result.  It  would  have  been  much  better  certainly  to  have 
sold  the  shares,  and  collected  the  balance  due  from  the  subscribers,  had 
this  been  practicable.  The  Committee  think  it  not  improbable  that  the 
Directors  doubted  the  responsibility  of  these  parties,  and  are  therefore  justi- 
fiable for  the  course  they  adopted.  It  is  to  be  hoped  that  these  accounts 
will  be  promptly  closed.  The  Table  annexed  {A]^]pendix^  Table  IL')  will 
show  the  number  of  “ forfeited”  shares,  and  of  shares  now  on  hand  on 
which  assessments  have  not  been  paid  in  full. 

This  estimate  of  §369,857  67,  includes  also  the  Losses  on  Stocks 
received  by  the  Company  in  exchange  for  Stock  and  Bonds  sold  by 
them.  The  precise  amounts  chargeable  to  these  exchanges  are  not 
specified  in  detail,  because  the  Committee  could  not  satisfy  themselves  that 
they  had  obtained  sufficient  information  to  state  the  number  of  instances  in 
which  exchanges  had  been  actually  made.  For  evidence  upon  this  subject, 
they  were  of  course  obliged  to  rely  exclusively  upon  the  Company’s  books, 
and  these  were  not  so  kept  as  to  enable  the  Committee  to  distinguish  losses 
on  exchange  of  Stock,  from  other  losses  under  the  above  head.  The  reader 
will  see  by  referring  to  the  note  at  the  end  of  the  table  of  “ Bonds  of  1852,” 
(^Appendix^  Table  III.')  that  there  was  good  reason  to  believe  that  many 
exchanges  may  in  fact  have  occurred  which  are  not  acknowledged  to  be 
such  in  the  Books.  Nor  is  it  very  important  for  the  purposes  of  this 
Report,  that  these  losses  should  be  classified,  as  it  is  known  that  this  sum  of 
§369,857  67,  includes  all  losses  on  Stocks,  and  embraces  of  course  losses 
by  exchange.  Touching  these  exchanges,  however,  the  Committee  find 


83 


they  have  been  generally,  if  not  invariably,  disastrous  to  the  Company. 
As  it  is  their  wish  to  construe  liberally  the  powers  of  the  Direc- 
tors, and  to  admit  the  necessity  of  their  being  empowered,  in  the 
absence  of  restrictive  votes,  to  dispose  of  property  at  a loss,  when  they 
consider  the  interests  of  the  Compan}^  require  it,  the  Committee  do  not 
censure  the  Directors  for  exchanging  Stock  and  Bonds  of  their  Company 
for  Stock  of  other  Corporations.  They  could  have  wished  that  the  property 
received  in  exchange,  had  been  somewhat  more  saleable  ; and  they  think 
as  a general  thing,  that  exchanges  of  this  kind  are  more  unprofitable  even 
than  forced  sales.  In  this  instance,  when  the  money  which  the  Company 
have  been  obliged  to  raise  to  enable  them  to  keep  these  Stocks  and  property, 
has  been  procured  only  at  high  rates  (they  having  never  yet  attained  the 
position  of  capitalists),  it  would  certainly  have  been  better  not  to  have 
made  an  exchange,  or  to  have  sold  at  once  the  Stock  received  in  barter. 

The  Committee  presume  that  these  exchanges  were  made  either  by  former 
Treasurers,  or  by  the  Finance  Committee,  except  in  one  instance,  when  the 
Directors  agreed  to  accept  of  S.  S.  Lewis,  one  thousand  shares  in  the 
Stock  of  the  Grand  Junction  Railroad  and  Depot  Company,  in  exchange 
for  his  subscription  to  one  thousand  Shares  in  the  Central  Road,  which  sub^ 
scription  was  made  by  Mr.  Lewis,  upon  condition  that  the  Grand  Junction 
Stock  should  be  taken  in  payment. 

V.  Discount  on  the  sale  of  Bonds. 

The  Losses  by  sales  of  Bonds,  which  in  this  Report  are  included  under 
the  head  of  Discount  on  the  Sale  of  Bonds,”  are  specified  in  the  Bond 
Tables,  which  give  the  result  of  each  Sale.  Most  of  these  Bonds  were 
issued  to  meet  the  exigencies  of  the  Company,  when  confidence  in  its 
credit  had  ceased  to  exist.  They  were  the  last  and  perhaps  the  only  means 
of  averting  the  open  failure  of  the  Company,  and  they  were  therefore 
sold  at  great  sacrifice.  All  of  these  Bonds  which  have  become  due,  and 
the  interest  upon  all  the  Issues,  have  been  paid  up  to  the  present  time, 
and  the  discount  at  which  the  Bonds  have  been  disposed  of,  corresponds 
of  course  to  the  credit  of  the  Road  in  the  market.  And  the  Committee 
are  satisfied  that  the  Directors  spared  no  pains  to  sell  the  Bonds  to  the 
best  advantage. 

The  Discount  on  Bonds  sold  is  $528,556  18. 


84 


VI.  Extra  Interest. 

The  amount  of  Interest  paid  has  been  very  great,  averaging  upon 
the  floating  debt  of  the  Company,  about  one  and  a half  per  cent, 
per  month.  But  the  Committee  do  not  think  it  necessary  to  give 
an  account  of  these  payments  in  detail,  as  they  have  been,  with  few  excep- 
tions, made  to  Banks  and  to  Brokers,  and  no  officer  of  the  Corporation  has 
received  any  extra  interest  under  circumstances  deemed  by  the  Com- 
mittee worthy  of  special  attention.  The  whole  amount  of  extra  interest 
charged  upon  the  Books  against  the  Officers  of  the  Company  is  in  the 
aggregate  but  ^1,359  13,  and  no  unfair  advantage  seems  to  have  been 
taken  to  procure  any  portion  of  it.  On  the  contrary,  the  same  Officers 
to  whom  extra  interest  has  been  paid,  have  frequently  lent  the  Company 
large  sums  of  money  at  six  per  cent,  when  a much  higher  rate  might 
easily  have  been  procured  by  them  elsewhere. 

The  Committee  find  that  the  above  sum  of  §1,359  13,  includes  many 
charges  for  extra  Interest,  from  which  no  benefit  was  realised  by  these 
Officers,  the  amount  having  in  reality  been  paid  out  to  procure  funds  else- 
where for  the  use  of  the  Corporation.  These  charges,  in  the  opinion  of  the 
Committee,  are  not  only  proper,  but  the  Officers  are  entitled  to  much 
praise  for  taking  upon  themselves  the  labor  of  borrowing  the  money  without 
compensation.  The  Committee  upon  first  examining  the  Interest  accounts, 
supposed  that  this  extra  Interest  had  been  charged  to  the  Company  by  the 
Directors  in  question,  for  their  personal  benefit,  but  upon  further  inquiry, 
they  found  that  the  money  had  been  raised  for  the  Company,  at  the 
Treasurer’s  request,  at  the  same  rate  which  the  Directors  received  for  its  use. 

A great  portion  of  this  extra  interest  has  been  paid  by  the  Company,  (as 
before  stated.)  in  behalf  of  the  Vermont  and  Canada  Boad.  The  Com- 
mittee think  that  the  amount  of  it,  which  is  included  in  the  aggregate  of 
§252,583  14  before  referred  to,  fairly  constitutes  a charge  against 
the  latter  Corporation ; for  the  Central  raised  for  the  Canada  from  time 
to  time,  over  §2,000,000,  which  was  lent  the  Canadq,  upon  their  applica- 
tion, to  aid  in  the  construction  of  their  Road.  To  procure  funds  for  this 
purpose,  the  Central  paid  an  average  rate  of  interest  of  eighteen  per 
cent,  per  annum,  for  which  this  Corporation  has  never  been  reimbursed, 
although  all  the  dividends  of  interest  paid  by  the  Canada  to  their  Stock- 


85 


holders,  during  the  time  they  were  constructing  the  Road,  were  actually 
charged  to,  and  advanced  by  the  Central. 

The  Loans  themselves  w'ere  partially  repaid,  but  no  payment  has  been 
made  on  account  of  interest. 

The  total  amount  of  Interest by  the  Vermont  Central  is  763,957  68 


YII.  Amount  paid  for  the  construction  of  the  Vermont  and  Canada 
Railroad,  which  has  not  been  refunded  to  this  Company,  estimated  at 
252,583  14. 


The  Committee  have  not,  for  reasons  before  stated,  satisfied  themselves 
that  the  Vermont  Central  has  not  expended  towards  the  construction 
of  the  Canada  Railroad  a larger  amount  of  money  than  the  above  Esti- 
mate. Losses  to  this  amount,  at  least,  have  been  sustained  through  the 
connection  between  the  two  Corporations.  This  Estimate  includes, — 


Interest,  which  has  been  paid  by  the  Central  to  raise 
money  for  the  Canada,  and  which  has  not  been 
refunded,  ........ 

Losses  on  Stock  received  in  payment  of  debts  due  from 
them,  ........ 

Monies  advanced  by  the  Central  for  services  performed 
by  certain  Officers  of  the  Canada,  (Messrs.  Smith  & 
Whitmore,)  whilst  they  were  engaged  in  constructing 
this  Road,  or  raising  means  for  its  construction, 

Monies  paid  as  Interest  to  the  Stockholders  and  others 
while  constructing  that  Road,  .... 

Monies  advanced  for  them  but  not  charged  to  them 
when  so  advanced,  being  payment  in  part  of  cost 
of, steamer  Ethan  Allen,  and  for  interest  paid  on 
their  notes,  &c.  ...... 

In  addition  to  these  sums  the  Committee  estimate  that  the 
Canada  owes  the  Central,  for  materials  and  labor, 
and  for  the  use  of  its  men  and  engines,  at  least,  . 


$84,183  81 
14,098  77 


5,175  25 
42,977  48 


33,266  91 


72,880  92 


Total  as  above, 


$252,583  14 


86 


A statement  is  annexed  (^Appendix^  Table  1.')  giving  in  concise  form 
the  amount  of  advances,  &c..  made  by  the  Central  to  the  Canada  Rail- 
road. The  Committee  express  no  opinion  whether  in  point  of  law 
these  sums  may  be  recovered  back.  It  is  possible  that  no  remedy  for 
their  recovery  exists  at  this  day,  as  these  payments  and  advances  though 
objectionable  in  themselves,  may  have  been  so  far  sanctioned  or  author- 
ized by  the  Officers  of  the  Central,  as  to  render  their  recovery  imprac- 
ticable ; although  it  is  hoped  and  believed,  so  far  as  at  least  a consid- 
erable portion  of  'the  amounts  claimed  are  concerned,  that  this  is  not 
the  case.  The  Committee,  for  the  consideration  of  the  Stockholders, 
refer  to  this  Loss  as  a claim  against  the  Canada  Road,  because 
they  feel  satisfied  that  the  above  amount  ought  to  be  satisfactorily  ac- 
counted for. 

VIII.  Losses  by  change  of  the  allignment  of  the  Road. 

These  Losses  are  unimportant  in  amount,  and  it  is  probable  that  the 
changes  made  have  not  upon  the  whole  been  productive  of  much  injury  to 
the  Company.  They  are  mentioned  by  Mr.  Parrott  in  his  Report  annexed, 
which  renders  further  consideration  of  this  subject  by  the  Committee  un- 
necessary. 


B. — The  Loss  sustained  through  Josiah  Quincy^  Jr. 

IX.  Loss  through  Josiah  Quincy,  Jr.,  after  deducting  the  value  of 
Assets  received  from  him. 

Mr.  Quincy  was  elected  Treasurer  in  the  summer  of  1849,  but  did  not 
enter  upon  the  duties  of  his  office  until  the  1st  of  September  following. 
From  that  time,  until  March  1852,  he  managed  the  financial  concerns  of 
the  Company  ; and  to  him  was  entrusted  the  custody  of  their  Bonds  and 
Securities,  as  is  usual  in  such  cases. 

By  a vote  passed  by  the  Directors,  subsequent  to  his  election,  Mr. 
Quincy  was  in  effect  authorized  to  issue  Notes  without  submitting  them  to 
the  approval  of  two  of  their  Board,  which  had  been  required  by  a previous 
By-Law  of  the  Company. 


87 


To  extend  his  authority  if  possible  still  farther,  it  was  voted,  also 
“ that  any  Notes  and  Drafts  signed^  endorsed  or  accepted  by  Josiah 
Quincy,  Jr.,  as  Treasurer,  shall  be  binding  upon  this  Company.”  That 
Josiah  Quincy,  Jr.,  as  Treasurer,  be  authorized  to  pledge  any  of  the  Bonds 
or  Scrip  of  this  Corporation  as  security  for  its  debts  or  liabilities,  and  in 
like  manner  'to  pledge  any  of  said  Bonds  or  Scrip  as  security  for  any 
debts  or  liabilities  which  he  shall  incur  in  his  private  capacity  for  the 
use  and  benefit  of  the  Corporation.” 

The  Committee  think  that  this  unlimited  delegation  of  authority  on  the 
part  of  the  Directors,  was  injudicious,  and  can  be  excused  only  by  the 
confidence  they  reposed  in  their  Treasurer.  The  loss  sustained  by  it  has 
been  severe,  and  it  will  probably  serve  to  prevent  the  recurrence  of  any 
similar  calamity. 

As  to  the  construction  to  be  put  upon  these  votes,  the  Committee  offer 
no  opinion.  The  Stockholders  must  judge  of  this  matter  for  themselves. 
Mr.  Quincy  and  the  Directors  have,  in  a pamphlet  form,  given  their 
respective  views  upon  the  subject,  to  which  reference  can  easily  be 
made. 

The  following  Agreement  was  made  between  Mr.  Quincy  and  the  Cor- 
poration, on  the  2d  day  of  August,  A.  D.  1849. 


MEMOBANDUM  OF  AGREEMENT. 

This  Memorandum  of  Agreement  between  the  Vermont  Central  Railroad 
Company,  and  Josiah  Quincy,  Jr.  Witnesseth : 

That  whereas  said  Quincy  has  been  elected  Treasurer  of  said  Corpora- 
tion, it  is  mutually  agreed  as  follows : 

1.  That  the  duties  of  said  Quincy  as  Treasurer  shall  commence  on  the 
first  day  of  September  next,  or  as  soon  thereafter  as  the  accounts  of  the 
present  incumbent  shall  be  properly  audited  and  settled,  and  that  said 
Quincy’s  services  shall  continue  until  the  first  day  of  May  next,  and  for 


88 


« 


such  further  time,  not  exceeding  four  months,  as  said  Quincy  shall  think  it 
expedient,  (without  additional  compensation,)  to  hold  said  Office. 

2.  Said  Quincv’s  duties  as  Treasurer  shall  include  the  ordinary  and 
legal  duties  of  a Treasurer,  and  also  the  endorsing  of  all  negotiable  paper 
which  shall  be  necessary  for  conducting  advantageously  the  affairs  of  the 
Company.  He  will  also  use  all  reasonable  and  proper  pains  to  procure  the 
necessary  money,  by  the  sale  and  discount  of  said  paper ; — the  loss  and 
discount  thereon  to  be  borne  by  said  Company. 

3.  The  Financial  business  of  the  Company  shall  as  far  as  convenient  to 
the  company,  he  transacted  at  said  Quincy's  'present  office  in  Boston^  for 
the  rent  of  which^  and  for  Clerk  hire,  and  for  other  actual  expenses  to  be 
incurred  by  said  Quincy  the  Company  agree  to  pay  him  a fair  equivalent. 

4.  The  Company  agree  that  said  Quincy  shall,  at  all  times,  be  kept 
secured  for  all  his  claims  and  liabilities,  for  the  time  being,  against  and  on 
account  of  said  Company;  which  security  shall  consist  in  their  depositing 
with  him,  (in  the  nature  of  a continuing  guaranty,)  the  bonds  of  the 
Company  of  the  same  character  and  general  effect,  as  those  heretofore 
issued : said  Quincy  having  the  right,  at  all  times,  to  require  that  the 
amount  of  said  bonds  shall  be  kept  double  the  amount  of  his  said  claims 
and  liabilities.  It  being  further  agreed  that,  at  any  time  or  times  after 
the  first  day  of  May  next,  the  said  Quincy  or  his  representatives  shall 
have  the  right  to  sell  any  of  said  securities  by  public  auction,  so  fast  and 
so  far  as  may  be  necessary  to  reimburse  himself,  with  interest  for  any 
monies  which  shall  have  been  paid  him  on  account  of  the  Company. 

5.  And  whereas  said  Company  have  recently  offered  to  their  Stock- 
holders, twenty  thousand  shares  of  their  Stock,  on  condition  of  said  Stock- 
holders’ paying  or  settling  therefor  on  or  before  the  first  day  of  August 
current ; and  whereas  a large  number  of  said  shares  remain  in  the  hands 
of  the  Company,  in  consequence  of  their  not  being  taken  and  paid,  or 
settled  for,  according  to  the  terms  of  said  offer ; now  in  lieu  of  salary  and 
commissions  to  be  paid  said  Quincy  for  his  said  services  as  Treasurer  and 
endorser  for  the  Company,  the  said  Company  agree  forthwith  to  issue  and 


89 


transfer  to  him  in  his  ii^dividual  capacity,  a certificate  in  due  and  common 
form,  of  all  said  twenty  thousand  shares  of  Stock  which  were  not  taken 
and  paid  or  settled  for  as  aforesaid  by  the  Stockholders ; and  also  that 
they  will,  from  time  to  time,  issue  and  transfer  to  said  Quincy,  any  and  all 
of  said  shares,  which  after  being  subscribed  for,  shall  be  forfeited,  or  liable 
to  be  forfeited  to  or  taken  back  by  the  Company : all  which  said  shares 
of  stock,  so  issued  to  said  Quincy,  shall  be  taken  to  be  ‘‘  full  Stock,”  free 
from  assessments  and  entitled  to  the  same  rate  of  dividends  and  interest 
which  shall  be  paid,  in  September  next  and  thereafter,  on  the  old  Stock. 

6.  And  the  said  Quincy  agrees  that,  as  to  all  said  shares  of  Stock  that 
shall  be  thus  issued  to  him,  he  or  his  representatives  will,  on  or  before  the 
second  day  of  May  next,  or  on  reasonable  request  thereafter,  re-transfer 
the  same  to  said  Company : but  he  reserves  to  himself  and  his  representa- 
tives, the  right  to  retain  and  hold,  to  his  and  their  own  use,  any  and  all  of 
said  shares,  for  which  he  or  they  shall,  on  or  before  said  second  day  of 
May  next,  pay  to  said  Company  the  sum  of  fifty  dollars  per  share,  with 
interest  from  the  first  day  of  March  last:  it  being  further  understood  and 
agreed  that  said  Quincy  will  refund  to  said  Company,  with  interest,  any 
sums  of  money  which  he  shall  receive  as  dividends  or  interest  on  the  shares 
of  Stock  which  he  shall  thus  re-transfer. 

Witness  our  hands,  August  2d,  1849. 

The  Vermont  Central  Railroad  Company, 

CHARLES  PAINE,  President. 

JO  SI  AH  QUINCY,  Jr. 

At  a meeting  of  the  Board  of  Directors  of  the  Vermont  Central  Rail- 
road Company,  duly  held  in  Boston,  August  14th,  1849 : Present  a 
quorum  of  the  Board  : 

The  foregoing  contract  having  been  read  to  the  Board,  it  was  Ordered^ 
that  said  contract,  relating  to  the  duties  and  compensation  of  Josiah 
Quincy,  Jr.,  as  Treasurer,  be  signed  by  the  President  in  behalf  of  the 
Company  and  delivered  to  Mr.  Quincy. 

ATTEST, 

(Signed)  GARDNER  BREWER,  Clerk,  pro  tern. 


12 


90 


In  order  to  explain  and  correct  a slight  error  in  the  within  agreement,  I 
hereby  certify  and  agree  that  in  paying  for  any  shares  which  I may  elect 
to  purchase  as  mentioned  in  the  sixth  article  I will  pay  interest,  on  one 
hundred  (instead  of  fifty)  dollars  per  share,  from  March  1st,  to  August 
1st,  1849. 

JOSIAH  QUINCY,  Jr., 
CHARLES  PAINE,  President.  ' 

Boston,  Aug.  14,  1849,  Received  on  the  within  Certificate  No.  5472  for 
fifteen  thousand  seven  hundred  and  forty-nine  shares. 

JOSIAH  QUINCY,  Jr. 

Subsequently,  viz.,  on  the  1st  of  May,  A.  D.  1851,  a second  Agreement 
was  made  between  the  Corporation  and  Mr.  Quincy,  in  the  following 
terms. 


ARTICLES  OF  AGREEMENT, 

Made  and  concluded  this  first  day  of  May,  A.  D.,  1851,  by  and 
between  the  Corporation,  known  as  the  Vermont  Central  Railroad  Com- 
pany of  the  first  part, — and  Josiah  Quincy,  Jr.,  of  Boston,  Gentleman,  of  the 
second  part,  Witnesseili : 

That  whereas  a difference  of  opinion  has  arisen  between  the  said  par- 
ties, as  to  the  compensation  to  be  paid  by  the  said  Company,  to  the  said 
Quincy  for  his  services  and  responsibility  as  Treasurer  and  Financial 
Agent  of  the  said  Company,  from  the  first  day  of  September,  1849,  to 
the  first  day  of  May,  1850 : 

Now^  therefore^  for  the  purpose  of  settling  such  matter,  it  is  hereby 
mutually  agreed,  as  follows  : 

The  salary  of  the  said  Quincy,  as  Treasurer  and  Financial  Agent  of 
the  said  Corporation,  is,  and  the  same  is  hereby  declared  to  be,  at  the  rate 
of  $5000  per  annum,  the  same  to  commence  and  be  payable  from  and 
after  the  first  day  of  May,  1850,  and  to  continue  so  long  as  the  said 
Quincy  shall  perform  his  duties  as  such  Treasurer ; and  all  needful  and 


91 


proper  expenses  of  office  rent  and  clerk  hire,  which  shall  be  necessary  for 
the  transaction  of  the  financial  business  of  the  Company,  shall  be  paid  by 
the  said  Corporation  in  addition  to  such  salary. 

Said  Quincy’s  duties  as  Treasurer  and  Financial  Agent,  as  aforesaid, 
shall  include  the  ordinary  and  legal  duties  of  Treasurer,  and  also,  the 
endorsing  of  all  negociable  or  other  paper  which  shall  be  necessary  for 
conducting  advantageously  the  affairs  of  the  Company.  Fie  shall  also  use 
all  reasonable  and  proper  means,  to  procure  the  money  necessary  to  carry 
on  the  business  of  the  Company,  by  the  sale  and  discount  of  such  paper, 
the  loss  and  discount  thereon  to  be  borne  by  the  said  Company  ; and  said 
sum  of  $5000  is  to  be  in  full  payment  and  satisfaction  of  and  for  all  such 
services  as  aforesaid. 

The  said  Company  agree,  that  said  Quincy  shall  at  all  times  be  kept 
secured  for  all  his  claims  and  liabilities  for  the  time  being,  against  and  on 
account  of  said  Company,  which  security  shall  consist  in  their  depositing 
with  him  (in  the  nature  of  a continuing  guaranty)  the  bonds  of  the  Com- 
pany of  the  same  character  and  general  effect  as  those  heretofore  issued  ; 
said  Quincy  having  the  right,  at  all  times  to  require  that  the  amount  of 
said  Bonds  shall  be  kept  double  the  amount  of  his  said  claims  and  liabilities. 

It  being  further  agreed  that  at  any  time  or  times  after  his  resignation 
of  the  office  of  Treasurer,  the  said  Quincy,  or  his  representatives,  shall 
have  the  right,  after  giving  twenty  days  notice  to  the  said  Corporation  of 
his  intention  so  to  do,  to  sell  any  of  said  securities,  by  public  auction,  so  fast 
and  so  far  as  may  be  necessary  to  reimburse  himself  with  interest,  for  any 
monies  which  shall  have  been  paid  by  him  on  account  of  the  Company. 

And  whereas  the  said  Corporation  hold  promissory  notes  of  the  said 
Quincy,  bearing  dates  the  22d  day  of  August,  A.  D.  1850,  and  given  for 
stock  purchased  by  him  of  the  said  Corporation,  for  the  sum  of  $257,725, 
payable  in  one  year  from  date,  without  interest,  and  for  the  sura  of 
$51,545,  payable  on  demand,  with  interest,  from  and  after  the  time  when  the 
amount  of  his  compensation  as  Treasurer  shall  have  been  decided,  and  as 
collateral  security  for  which,  the  said  Quincy  has  deposited  with  the  said 
Company,  10,309  shares  of  the  Stock  of  the  Vermont  Central  Railroad 
Company  ; 

The  said  Corporation  do  hereby  agree  that  they  will  extend  the  time 
of  payment  of  said  Notes,  or  loan  the  amount  to  said  Quincy,  if  he  shall 


92 


so  elect,  in  such  form  as  may  be  agreed  upon,  between  him,  arid  the  Com- 
mittee of  Finance  of  said  Corporation,  for  the  term  of  one  year,  from  and 
after  the  22d  day  of  August  next,  interest  to  be  due  and  payable  upon  the 
amount  of  said  notes  or  loan,  from  and  after  said  date,  at  the  rate  of  six 
per  cent,  per  annum,  the  said  Corporation  holding  the  same  security  for 
the  payment  of  said  Notes,  or  said  loan,  which  they  now  hold. 

The  said  Quincy  in  consideration  of  the  extension  of  the  said  time  of 
payment  of  his  said  Notes,  as  aforesaid,  agrees  to  release,  and  by  these 
presents  does  hereby  release,  discharge  and  acquit  the  said  Corporation  of 
and  from  all  liability,  claim  or  demand  whatever,  which  he  can,  or  may, 
have,  against  the  said  Corporation  for  compensation  for  his  services,  as 
Treasurer  and  Financial  Agent,  and  endorser  for  the  said  Corporation 
prior  to  the  said  first  day  of  May,  1850,  hereby  accepting  the  considera- 
tions given  to  him  by  the  said  Corporation,  as  set  forth  in  this  instrument, 
as  full  satisfaction  of  all  such  claim  or  demand,  if  any  he  may  have,  but 
not  for  his  expenses  as  provided  for  in  said  agreement : and  the  agreements 
of  reference  heretofore  made  and  executed  by  and  between  the  parties 
hereto,  for  the  purpose  of  submitting  to  arbitrators  the  question  of  the 
liability  of  the  said  Corporation  to  pay  the  said  Quincy  for  said  services, 
are  hereby  cancelled  and  revoked. 

And  ivliereas^  by  reason  of  the  extension  of  the  time  of  the  payment 
of  said  notes,  as  aforesaid,  the  said  Corporation  may  be  under  the  neces- 
sity of  borrowing  money  to  the  same  amount  as  the  amount  of  the  said 
notes,  until  said  notes  shall  have  been  paid,  as  aforesaid  ; and  whereas,  the 
said  Corporation  may  be  compelled  to  pay  for  said  loans  of  money  more 
than  six  per  cent,  interest  per  annum,  the  said  Quincy  further  agrees  to  and 
with  the  said  Corporation,  in  further  consideration  of  said  extension  of  pay- 
ment as  aforesaid,  that  he  will  pay  to  said  Corporation  in  addition  to  the  six 
per  cent  per  annum,  to  be  paid  as  aforesaid,  as  interest  on  the  amount  of  said 
notes,  during  the  time  of  such  extension  of  the  payment  thereof,  such  a 
per  centage  upon  the  said  sum  of  $309,270,  as  shall  be  equal  to  the  dif- 
ference between  eight  per  cent,  and  the  average  rate  of  interest  paid  by 
the  said  Corporation  on  loans  of  money  made  by  them,  between  the  22d 
day  of  August,  1851,  and  the  22d  day  of  August,  1852. 

And  whereas,  the  said  Corporation  are  the  owners  of  certain  Shares 
in  their  own  capital  Stock,  it  is  further  mutually  agreed  by  and  between 


93 


the  parties  hereto,  and  the  same  is  a part  of  the  mutual  consideration  of 
this  instrument,  that  if  either  party  shall  dispose  of  any  of  their  said 
Shares,  prior  to  the  said  22d  day  of  August,  1852,  either  for  cash  or  on 
time,  deliverable  prior  to  that  date,  they  shall  give  to  the  other  party  notice, 
and  thereupon,  if  the  other  party  shall  so  elect,  such  sale  or  sales  of 
Shares,  so  made  by  either  party,  shall  be  for  the  mutual  benefit  of  both 
parties,  in  the  proportion  of  one  Share  to  the  said  Corporation  and  two 
Shares  to  the  said  Quincy  ; but  nothing  herein  contained  shall  prevent  the 
said  Quincy  from  selling  said  Shares,  or  any  of  them,  at  any  time  or  times 
he  may  elect,  and  from  transferring  the  same  on  the  payment  of  thirty 
dollars  a Share  on  his  said  notes,  or  from  substituting  new  notes,  with  sat- 
isfactory collateral,  in  place  of  his  own,  provided  the  promisors  are  satisfac- 
tory to  the  Committee  of  Finance  of  said  Corporation. 

All  agreements  heretofore  made  by  and  between  the  parties  to  this 
instrument,  in  relation  to  the  subject  matter  thereof,  inconsistent  with  the 
provisions  of  these  articles,  are  hereby  cancelled  and  revoked. 

To  the  faithful  performance  of  all  and  several  the  covenants  herein 
contained,  the  parties  hereto  do  mutually  bind  themselves,  their  represent- 
atives and  successors. 

In  ivitness  whereof^  the  said  parties  have  hereunto  set  their  hands  and 
seals,  the  said  Corporation  signing  by  Charles  Paine,  its  President,  there- 
unto duly  authorized,  this  1st  day  of  May,  A.  D.  one  thousand  eight 
hundred  and  fifty-one. 

[L.  S.]  (Signed)  JOSIAH  QUINCY,  Jr. 

The  Vermont  Central  Railroad  Company^ 

BY 

[L.  S.]  CHAELES  PAINE,  Pres. 

E.  P.  Walton,  Jr.,  Witness  to  signature  of  Charles  Paine,  Pres. 

Geo.  Seymour,  Witness  to  signature  of  Josiah  Quincy,  Jr. 

As  Treasurer,  Mr.  Quincy  was  of  course  charged  with  the  raising  of 
money  for  the  Corporation. 

In  November,  1851,  it  was  discovered  that  a great  quantity  of  the 
Bonds  of  the  Company  were  held  against  the  Corporation,  in  the  market. 


94 


by  parties  who  had  taken  them  as  collateral  security  for  Mr.  Quincy’s  pri- 
vate Notes,  or  Notes  which  the  Company  were  not,  as  between  themselves 
and  their  Treasurer,  liable  to  pay.  A list  of  these  Notes  is  subjoined,  (^Ap- 
imidix^  Table  V.)  These  have  been  classed  by  the  Committee  in  their 
Tables  under  three  heads.  Of  the  Notes  in  the  first  class,  on  wdfich  the 
Bonds  of  the  Company  were  pledged  as  collateral,  no  part  oi  the  proceeds 
were  ever,  so  far  as  the  Committee  have  been  able  to  ascertain,  paid  over 
to  the  Company. 

The  second  class  embraces  Notes  which  had  been  sold  by  Mr.  Quincy, 
and  their  proceeds  applied  by  him  to  the  payment  of  other  Notes  on  which 
he  was  also  individually  responsible.  Of  these  Notes  so  taken  up,  the  pro- 
ceeds originally  obtained  by  Mr.  Quincy,  had  been  paid  over  to  the  Com- 
pany, but  for  which,  previous  to  the  transfer  of  the  Company’s  Bonds  to 
the  holders  referred  to  in  the  Tables,  Mr.  Quincy  had  been  repaid. 

The  third  class  refers  to  Notes  sold  by  Mr.  Quincy  on  which  he  had 
pledged  the  Company’s  Bonds,  and  on  which  Notes,  the  money  raised  had 
been  applied  to  the  uses  of  the  Corporation  in  the  first  instance,  but  for 
which,  also,  Mr.  Quincy  was  reimbursed:  the  distinction  between  the  second 
and  third  classes  being  simply,  that  the  Notes  specified  in  the  third  class 
are  not  renewals  of  Mr.  Quincy’s  old  Notes,  as  those  in  the  second  class  are. 

For  all  the  Notes  specified  in  the  three  classes.  Notes  exactly  correspond- 
ing, as  to  dates,  sums,  and  running  time,  had  been  issued  in  the  Company’s 
name  by  Mr.  Quincy,  as  Treasurer,  and  under  his  directions  entered  in 
their  Books  to  the  credit  of  their  Notes  payable.  These  Notes  were  paid  in 
some  instances,  long  before  they  fell  due,  and  an  entry  was  made  in  the  Books 
of  the  Company  showing  this  payment.  The  Committee  infer  that  it  was 
understood  at  the  Office  of  the  Company  that  the  Bonds  subsequently  found 
to  be  outstanding  on  the  corresponding  Notes  of  Mr.  Quincy,  were  issued 
to  secure  the  Company’s  Notes  when  originally  taken  by  him  ; for  the 
Committee  find,  upon  the  margins  of  these  Notes,  in  the  Books,  memo- 
randa to  this  effect  are  made  by  the  Chief  Clerk. 

In  some  instances  where  Mr.  Quincy’s  original  Notes  fell  due,  they  were 
paid  as  before  stated,  by  proceeds  obtained  by  discounting  other  paper  of 
his  own,  on  which  the  collateral  was  repledged. — The  collateral  Bonds  are 
charged  on  the  Company’s  Books  as  having  been  issued  on  the  Company 
Notes, — the  Company  Notes  were  paid,  but  ‘no  return  was  made  to  them 


1 


95 


by  him  of  the  collateral.  This  subject  will  be  more  clearly  understood  by 
referring  to  the  statement  QAppendix^  Table  V.)  and  to  the  Tables  them- 
selves. The  Committee  believe  that  it  was  customary  for  Mr.  Quincy 
to  raise  money  for  the  Corporation,  by  substituting  his  own  Notes  of 
corresponding  tenor  in  place  of  theirs.  A list  of  such  Notes  amounting 
to  $2,273,410  74  is  annexed  (^Appendix^  Table  V.)  The  advantage 
derived  by  the  Company  from  this  method  of  doing  business,  depends, 
of  course,  upon  the  relative  credit  of  the  two  parties  at  that  time.  Had 
the  money  paid  Mr.  Quincy  by  the  Company  for  their  Notes  held  by  him, 
been  applied  to  pay  the  Notes  which  he  had  substituted  for  the  Notes  of 
the  Corporation,  no  loss  would  have  resulted  from  this  practice  : but  such 
unfortunately  was  not  the  case  : and  the  Company,  to  redeem  their 
Bonds  and  Endorsements  which  remained  pledged  on  the  private  Notes 
of  their  Treasurer,  have  been  compelled  to  advance  $458,402  50,  besides 
interest.  ^ 

The  Committee  annex  Tables  (^Appendix^  Table  V.)  which  contain  a list 
of  all  the  Notes  substituted  by  Mr.  Quincy  for  the  Notes  of  the  Company. 
For  all  of  these  “ Company  Notes,”  the  means  of  payment  were  furnished  by 
the  Corporation.  By  these  Tables,  the  Stockholders  will  readily  perceive 
the  rates  of  interest  at  which  the  money  was  borrowed,  and  when  the  Notes 
issued  by  the  Company  were  taken  up. 

The  Company  had  also  received  from  Mr.  Quincy  security  for  a loan  of 
$309,270,  made  to  him  by  them.  This  security  was  originally  in  Ver- 
mont Central  Stock,  a part  of  which  was  exchanged  afterwards  for  some 
Notes  of  the  Company,  which  Mr.  Quincy  had  in  his  possession,  with  Bonds 
as  collateral ; these  Notes  the  Corporation  subsequently  cashed,  by  giving 
Mr.  Quincy  credit  for  them  to  the  amount  of  $87,076  40,  on  account  of 
his  subscription  to  $102,400  first  Mortgage  Bonds,  which  were  transferred 
by  him  to  the  Corporation  in  exchange  for  the  Notes  given  up.  The  col- 
lateral Bonds  to  the  Notes,  however,  were  not  returned  by  him  at  the  ' 
time,  and  subsequently  the  Corporation  has  been  obliged  to  take  up  Notes 
' of  Mr.  Quincy  to  a similar  amount,  which  he  had  issued  in  the  market, 
and  for  which  these  Bonds  were  pledged  as  collateral. 

In  the  “Reply”  of  the  Directors  of  the  Central  Road  to  Josiah  i 
Quincy,  Jr.,  inserted  in  the  Seventh  Annual  Report  of  the  Directors,  it  is 
said,  (p.  27,)  “ that  the  amount  of  Mr.  Quincy’s  individual  Notes,  as 


96 


specific  collateral,  for  which  he  has  pledged  the  Bonds  of  the  Corporation, 
is  $237,067  77,  and  the  amount  of  Bonds  specificallj  pledged  as  collateral 
therefor,  is  $345,900.” 

The  result  of  the  investigation  of  the  Committee  does  not  correspond 
with  the  account  thus  made  up  by  the  Directors  ; for  the  Committee  have 
found  Notes  of  this  description  only  to  the  amount  of  $206,066  77,  and 
Bonds  of  the  Company,  as  specific  collateral  on  the  same,  to  the  amount  of 
$290,900. 

Upon  the  same  page  of  this  Reply,  the  Directors  observe,  “ that  the 
amount  of  Mr.  Quincy’s  Notes,  given  for  his  private  benefit,  upon  which  he 
has  placed  his  name  as  Treasurer  of  the  Vermont  Central  and  Vermont  and 
Canada  Companies,  and  for  which  no  Bonds  were  pledged,  is  $53,408  60.” 
The  Committee  find,  however,  that  the  amount  so  secured  is  $48,408  60. 
The  Directors  say  further,  that  he  has  pledged  as  general  collateral  with 
other  parties  for  his  own  private  debts,  bonds  to  a -large  amount,  making 
the  whole  amoum  of  his  debt,  as  nearly  as  can  now  be  ascertained, 
$320,000,  and  the  whole  amount  of  Bonds  pledged  for  the  payment  of  the 
same  $488,200.”  The  Committee,  on  the  other  hand,  find  the  whole 
amount  of  Bonds  pledged  as  general  collateral  upon  Mr.  Quincy’s  Notes  of 
this  class,  which  amounted  to  $203,927  13,  to  be  $163,000.  Thus  the 
whole  debt  of  Mr.  Quincy,  on  which  the  Vermont  Central  and  Vermont 
and  Canada  Companies  were  responsible,  was  $458,240  50,  and  the  whole 
amount  of  Bonds  of  the  Vermont  Central  pledged  generally  and  specifically, 
$453,900  ; so  that  Mr.  Quincy  was  over  charged  by  the  Directors  in  their 
Reply,  with  Bonds  to  the  amount  of  $34,300  ; and  as  the  Committee  dis- 
covered $20,000  of  such  Bonds  lying  at  a bank  in  Boston,  where  they  had 
probably  been  left  by  an  oversight,  (as  they  had  been  there  in  pledge  for  a 
Note  that  had  been  taken  up,)  they  presume  that  these  constitute  a portion 
of  the  $34,300  in  question,  which  the  Directors,  probably  being  other- 
wise unable  to  account  for,  considered  Mr.  Quincy  to  be  chargeable  with. 
The  residue  of  the  error  was  found  to  result  from  the  fact,  that  Bonds 
to  this  amount  had  been  returned  by  Mr.  Quincy  and  destroyed,  but  no 
credit  had  been  given  him  therefor. 

These  discrepancies  in  an  account  made  up  by  the  Directors  for  public 
inspection,  as  late  as  the  28th  of  April,  1852,  and  in  which  they  certainly 
endeavored  to  state  results  correctly,  is  alluded  to  here  (although  it  might 


97 


perhaps  be  mentioned  with  more  propriety  under  the  head  of  “the  manner 
in  which  the  Books  and  Accounts  were  kept,”)  to  show  what  very  imper- 
fect knowledge  the  Directors  had,  or  could  procure,  even  at  that  late  day, 
of  the  true  state  of  the  Company’s  affairs,  although  many  persons  of  abil- 
ity had  been  employed  to  examine  them ; and  the  extent  to  which,  by  a 
long  series  of  inaccuracies,  and  by  the  want  of  a sufficient  number  of 
Clerks,  &c.,  the  records  of  the  Corporation  had  become  involved  and 
tangled  together. 

The  Committee  do  not  by  these  remarks  intend  to  criticise  this  Reply  of 
the  Directors.  They  state  the  above  facts  in  this  connection,  simply 
because  unexplained  they  might  appear  to  have  escaped  their  attention. 

Mr.  Quincy,  whilst  Treasurer  of  the  Company,  borrowed  from  its  funds 
and  from  those  of  the  Vermont  and  Canada  Company,  for  his  own  use, 
during  his  term  of  office,  $893,159  42.  These  loans  are  specified  in  the 
tables  annexed.  (^Apj^endlx,  Table  F.) 

The  Directors  also  allowed  Mr.  Quincy  to  renew  his  Notes  for  $309,270 
which  he  had  given  the  Corporation  for  Stock  subscribed  for  by  him.  By 
this  renewal,  the  Company  not  only  were  obliged  to  borrow  a large  sum  of 
money  at  extravagant  rates,  when,  had  Mr.  Quincy  paid  his  subscriptions  at 
the  time  the  public  were  compelled  to  pay  theirs,  the  Corporation  would 
have  been  essentially  relieved  ; but  eventually  by  Mr.  Quincy’s  failure, 
were  subjected  to  the  loss  of  a considerable  portion  of  the  Note  itself. 

In  view  of  the  advantage  procured  by  the  renewal  of  these  Notes,  Mr. 
Quincy  gave  to  the  Directors  a release  of  all  claims  which  he  could  or 
might  have  against  the  Corporation  in  compensation  for  his  services  as 
Treasurer,  Agent,  and  Endorser  for  the  Company,  prior  to  May  1,  1850,” 
and  he  also  agreed  to  pay  to  the  Company  upon  his  renewed  Note  such 
rates  of  interest,  as  they  themselves  should  be  obliged  to  ^dij^over  eight  per 
cent,  to  continue  the- loans,  which  the  payment  of  these  Notes  would  have 
extinguished. 

The  latter  consideration  certainly  appears  of  little  value  to  the  Company. 
That  of  the  former,  depends  upon  the  nature  of  the  claims  thus  released. 

For  payment  of  these  services,  and  for  his  remuneration  for  liabilities  as- 
sumed for  the  Company,  Mr.  Quincy  had  previously  agreed  by  a contract 
made  August  2d,  1849,  to  look  exclusively  to  advances  he  hoped  to  realize 
on  Stock  issued  to  him  by  the  Directors,  to  a large  amount,  on  which  Mr. 
13 


98 


Quincy  was,  until  May  1,  1850,  to  have  the  advance  without  taking  the 
risk  of  loss.  So  that  the  former  of  these  considerations  appears  to  have 
been  scarcely  more  valuable  than  the  latter. 

This  renewal  certainly  savors  somewhat  of  partiality,  on  the  part  of  the 
Directors,  towards  Mr.  Quincy.  In  their  “ Reply,”  p.  51,  it  appears  that  they 
“ knew  of  no  claim  which  he  could  have,”  and  yet  for  a release  of  it,  they 
agreed  at  a time  when  the  Stockholders  were  submitting  to  great  depre- 
ciation of  property,  and  to  enormous  sacrifices  to  procure  means  for  the 
pressing  wants  of  the  Corporation,  to  permit  him  to  become  in  effect  a bor- 
rower of  their  funds,  to  the  amount  of  $309,270.* 

True  it  is  that  Mr.  Quincy  agreed  to  pay,  with  the  difference  of  two  per 
cent.,  the  same  rate  of  interest  which  the  Company  were  compelled  to  pay 
to  procure  this  amount  in  the  market.  Rut  why  was  two  per  cent, 
thus  sacrificed,  and  how  was  even  this  to  be  computed.  Was  the  rate  of 
interest  to  be  estimated  by  an  average  ? This  is  the  most  favorable  view 
for  the  Company  which  Mr.  Quincy  could  be  expected  to  assume.  Rut  did 
not  the  extra  loan  thus  thrown  into  the  market  materially  increase  the  rates 
on  the  residue  of  the  Company’s  notes  ; and  how  was  this  to  be  repaid,  or 
even  ascertained  ? 

It  is  also  to  be  remembered  that  Mr.  Quincy  was,  at  the  same  time,  bor- 
rowing the  funds  of  the  Company,  and  therefore  limiting  their  resources 
still  further.  Nay,  as  he  was  then  also  a debtor  of  the  Vermont  and  Canada 
Railroad,  on  Notes  he  had  given  them  for  Stock,  for  about  $200,000,  and 
as  the  Central  Road  was  then  in  the  habit  of  lending  gratuitously  their 
money  to  the  Canada,  this  debt  w^hich  the  Central  then  had  to  “ carry  ” 
in  the  aggregate  for  Mr.  Quincy,  can  scarcely  be  estimated  at  less  than 
$600,000.  Not  a slight  matter,  certainly,  even  if  the  Corporation  had 
been  repaid  the  interest,  which,  for  the  accommodation  of  their  Treas- 
urer, had  been  paid  by  them  to  procure  funds  for  his  use.  Rut  when 
we  consider  the  effect  the  renewal  of  the  Notes  above  referred  to  must  have 
had  on  the  rates  of  interest  on  other  debts  of  the  Company,  and  that 
the  Central  has,  in  fact,  lost  by  the  transaction  the  amount  of  about 
$300,000,  as  before  stated,  it  becomes  of  most  serious  consequence. 


* There  may  have  been  satisfactory  reasons  which  induced  the  Directors  to  allow  Mr.  Quincy 
to  renew  these  notes,  but  these  do  not  appear  upon  the  Records,  and  the  Committee  have  no  means 
of  weighing  them. 


99 


The  notes  for  $309,270,  before  referred  to,  were  renewed  bj  a process 
so  peculiar,  that  the  Committee  refer  to  it  in  proof  of  the  financial  acute- 
ness of  their  Treasurer. 

When  Mr.  Quincy’s  Notes  for  this  sum  were  considered  due,  he 
did  not  renew  them,  as  might  have  been  supposed  the  simplest  process 
of  making  the  arrangement.  Had  this  been  done  the  loss  to  the  Com- 
pany would  have  been  slight  in  comparison.  Instead  of  doing  this,  he 
exchanged  his  Notes  for  certain  Notes  of  theirs  which  he  had  in  his  posses- 
sion for  about  this  amount,  and  of  which  about  $100,000  were  not  due,  com- 
puting interest  on  these  latter  at  the  rate  of  6 per  cent.  For  these  Notes,  he 
had  as  in  other  cases,  discounted  corresponding  Notes  of  his  own,  with  the 
Company  Bonds,  or  the  indorsement  of  the  Central  or  the  Canada  Bailroads 
as  security,  at  about  twelve  per  cent  per  annum.  He  then  gave  a new  Note 
for  this  sum  of  $309,270,  in  exchange  for  cash.  This  cash  had  of  course 
been  raised  at  extravagant  rates  of  interest  by  the  Company,  or  rather  by 
Notes  of  Mr.  Quincy,  secured  by  the  Company’s  collateral,  and  thus 
Mr.  Quincy  was  not  only  enabled  to  realise  a handsome  profit  by  the  differ- 
ence of  interest,  but  obtained  the  use  of  a large  sum  of  money  which  he 
could  only  procure  in  the  market  at  a great  sacrifice. 

The  result  of  this  operation  is  stated  in  figures  {Affcndix^  Table  V.) 

A similar  transaction  which  resulted  in  Mr.  Quincy’s  obtaining  money 
procured  by  the  Company  at  about  eighteen  per  cent,  in  return  for  his 
Notes,  to  them  payable  on  demand,  at  six  per  cent,  is  stated  in  the  same 
Table. 

There  are  many  errors  and  mistakes  existing  in  the  accounts  between 
Mr.  Quincy  and  the  Company,  to  which  reference  is  also  made  in  the  Tables. 
By  these  the  Company  have  at  various  times  been  subjected  to  other 
losses,  which  the  Committee  do  not  think  it  necessary  to  dwell  upon.  By 
one  of  them  the  Company  have  lost  several  thousands  of  dollars. 

Mr.  Quincy,  as  Treasurer,  raised  money  for  the  Company  by  Exchange 
on  England,  which,  as  the  Committee  infer,  he  pledged  his  own  credit  to 
obtain,  and  which  he  sold  here,  giving  to  the  Company  the  proceeds.  By 
this  means  he  managed  to  raise  money  for  their  use,  to  the  amount  of 
about  X43,500  at  a rate  less  than  the  average  at  which  the  Company’s 
paper  was  sold  in  our  markets  at  that  time.  The  Exchange  account  is  stat- 
ed Appendix^  Table  V. 


100 


The  ultimate  loss  to  the  Corporation  resulting  from  its  connection  with 
Mr.  Quincy  may  be  stated  as  about  §295,000,  which  sum  does  not 
include,  however,  the  loss  suffered  by  the  Company  consequent  upon  the 
payment  of  high  rates  of  interest  for  the  monies  borrowed  by  him  from 
their  funds. 

This  estimate  is  based  upon  a valuation  of  Mr.  Quincy’s  property 
remaining  in  the  possession  of  the  Company,  by  whom  it  was  received  as 
collateral  for  the  balance  due  to  them  from  him,  which  valuation  made  at 
the  date  of  this  Report,  is  given  in  the  balance  sheet,  QAijpendix^  Table  V.) 
Should  any  surplus  above  this  estimate  be  realised  from  these  assets,  it  will 
of  course  diminish  the  above  balance  in  proportion.  In  justice  to  Mr. 
Quincy,  it  is  fair  to  add  that  during  his  administration  he  succeeded  in 
raising  in  behalf  of  the  Company  many  millions  of  dollars,  to  procure  which, 
he  did  not  hesitate  to  pledge  his  own  credit,  whenever  the  interposition  of  his 
own  name  became  necessary.  The  creation  of  such  a debt  must  have  had 
an  effect  to  increase  the  rates  of  interest  upon  his  own  private  liabilities, 
and  therefore  indirectly  to  increase  his  ultimate  indebtedness  to  the  Com- 
pany by  reducing  to  this  extent,  his  means  of  payment. 

FIFTH. 

Mode  in  which  the  Accounts  and  Records  of  the  Company  have  been  kept. 

In  relation  to  this  topic,  the  Committee  feel  bound  to  express  their  dis- 
satisfaction at  the  loose  manner  in  which,  in  every  department,  the  affairs 
of  the  Company  have  been  recorded,  up  to  the  close  of  Mr.  Quincy’s  ad- 
ministration. This  absence  of  method  is  no  doubt  in  great  measure  attribut- 
able to  the  want  of  adequate  force  ; but  there  were  also  great  defects  in 
the  system  which  has  been  pursued,  which  rendered  it,  in  many  instances, 
impossible  to  obtain  correct  information  from  the  entries  which  are  in  fact 
recorded  upon  the  books  themselves. 

In  the  Cash  books,  entries  are  frequently  to  be  found,  which  should  have 
been  Journal  entries,  where  no  cash  was  either  received  or  paid.  For 
instance.  Bonds  sold  are  found  credited  by  cash,  when  the  real  considera- 
tion for  their  sale  was  the  receipt  of  Stocks  and  other  property,  for  which 
cash  w^as  credited  as  a purchase ; and  these  Stocks  or  other  property,  have 


101 


often  been  sold  at  considerable  discounts,  which  discounts  should  properly 
have  been  charged  to  the  account  called  Discount  on  Bonds,”  kept  in  the 
Ledger,  but  in  which  no  such  entry  appears  ; and  the  actual  loss  incident 
upon  such  a transaction,  is  to  be  gleaned  only  out  of  the  Profit  and  Loss,  or 
Interest  accounts,  which  credit  the  Stock  or  property  received,  and  not  the 
Bonds  exchanged  for  it.  It  would  be  impossible,  within  any  limit  to  which 
the  Committee  could  extend  their  Report,  to  enumerate  the  entries  of  this 
description.  One  may  suffice  for  an  example,  and  a copy  of  it  is  given  at 
the  end  of  the  1852  Bond  Table.  (^Appendix,  Table  III.) 

Much  confusion  also  is  attributable  to  the  circumstance,  that  during  a 
portion  of  the  time,  namely,  during  Mr.  Quincy’s  administration,  two  offices 
have  been  kept  in  Boston  for  the  transaction  of  the  Treasurer’s  business, 
at  one  of  which  the  business  of  the  Company  was  principally  done,  and  the 
record  of  it  kept  at  the  other.  Consequently,  these  Records,  for  their  ac- 
curacy, were  dependent  upon  information  communicated  either  orally,  or 
by  slight  memoranda,  or  by  the  copies  which  the  chief  Clerk  made  from 
one  set  of  books  to  the  other.  This  system  undoubtedly  gave  rise  to  fre- 
quent inaccuracies,  particularly  in  regard  to  dates,  as  transactions  occurring 
at  one  office,  instead  of  being  entered  in  the  regular  books  of  the  other  at 
the  time  they  transpired,  were  frequently  postponed  to  a much  later 
period,  and  months  even  have  been  found  to  intervene,  before  any  entry 
was  made  in  the  latter.  It  was  certainly  most  unfortunate  that  the  Direc- 
tors should  have  permitted  the  business  of  the  Company  to  be  transacted  in 
two  different  offices  in  the  same  city,  and  the  Committee  cannot  but  feel 
that  much  injury  has  resulted  to  the  Corporation  in  consequence  of  this 
arrangement,  not  only  from  the  reasons  before  given,  but  also  because  the 
Directors  and  Finance  Committee  were  thereby,  to  a considerable  extent, 
precluded  from  obtaining  daily  information  of  the  business  done  at  Mr. 
Quincy’s  private  office,  and  deprived  of  the  opportunity,  on  many  import- 
ant occasions,  of  interfering  to  prevent  the  commission  of  acts  having  an  in- 
jurious tendency  to  the  interests  of  the  Company,  which,  had  they  been 
known  at  their  inception,  might,  doubtless,  have  been  checked. 

In  the  office  at  Northfield,  where  the  Construction  Accounts,  and  the 
Earnings  and  Expenses  of  the  Road,  are  originally  entered,  the  want  of 
system  is  also  very  apparent,  and  the  entries  made  there  during  each 
month,  are  not  distinguished  from  each  other  in  the  order  of  time. 


102 


The  Books  themselves,  in  the  President’s  office,  from  the  Ledger  down- 
ward, only  purport  to  give  the  months  in  which  transactions  are  entered, 
and  entries  are  frequently  to  be  found  as  having  occurred  in  one  month, 
which  took  place  in  fact  two  or  three  months  previously.  This  mode  of  keep- 
ing the  Books,  occasioned  great  embarrassment  to  the  Committee,  who  were 
absolutely  unable  to  come  to  any  reliable  conclusions  respecting  them,  or 
the  Earnings  and  Expenses  of  the  Road,  until  from  an  examination  made  at 
the  different  stations,  and  the  accounts  obtained  from  all  connecting  Roads, 
— from  Way  Bills  and  memoranda, — they  had  constructed  for  themselves 
these  accounts  in  detail. 

The  only  excuse  which  the  Committee  can  discover  for  the  confused 
manner  in  which  the  accounts  are  kept,  is  confined  to  that  of  economy 
alone.  Almost  all  the  Books  at  Northfield,  were  kept  by  Mr.  N.  W. 
Lincoln,  with  one,  and  sometimes  with  two  assistants.  But  Mr.  Lincoln 
was  constantly  employed  upon  the  Road  itself,  and  in  fact  for  some  time, 
performed  a considerable  portion  of  the  duties  of  a Superintendent ; so 
that  the  time  he  could  devote  to  the  books  Tvas  necessarily  much  limited. 
From  the  fact  that  this  department  now'  fully  occupies  the  time  of  a Super- 
intendent, a chief  Clerk,  a transportation  Clerk,  and  a passenger  Clerk, 
and  their  assistants,  it  may,  we  think,  be  fairly  inferred,  that  Mr.  Lincoln 
could  not,  (however  well  disposed  he  might  be,)  have  accomplished  more 
than  he  did  ; and  the  Committee  do  not  consider  that  any  blame  is  attributa- 
ble to  him  personally  ; on  the  contrary,  they  find  his  Books  are  faithfully 
kept  as  to  their  results,  although  not  showing  the  details  of  business  in  their 
proper  place  or  order. 

The  same  remarks  are  equally  applicable  to  the  main  office  in  Boston. 
There  was  not,  until  the  end  of  Mr.  Quincy’s  administration,  a sufficient 
number  of  Clerks  kept  in  this  office  to  attend  to  the  ordinary  business  of  a 
Railroad  of  the’ magnitude  of  the  Central,  even  when  unembarrassed  by 
financial  difficulties.  And  when  we  add  to  this  business,  the  enormous 
number  of  entries  consequent  upon  the  daily  loans  effected  by  the  Company 
from  time  to  time,  we  can  readily  account  for  the  appearance  of  many 
clerical  errors.  In  some  instances,  from  want  of  time,  these  Clerks  had 
been  unable,  though  working  daily  much  more  than  the  usual  number  of 
business  hours,  to  correct  mistakes  known  to  exist  in  the  Books.  Errors  in 
the  Stock  balance  as  exhibited  by  their  balance  sheet  were  known  to  exist. 


103 


for  at  least  tioo  years^  and  no  time  could  be  found  by  the  Clerks  to  correc  t 
it.  The  duties  of  Mr.  T.  H.  Leavitt,  the  chief  Clerk,  were  much  aug- 
mented bj  the  fact  that  the  business  in  Boston  was  transacted,  during 
much  of  the  time,  as  has  before  been  stated,  at  two  different  places  when 
one  office  only  should  have  been  kept  for  the  purpose.  Owing  to  this  want 
of  force,  also,  it  was  almost  impossible  to  assign  to  each  Clerk  any  par- 
ticular charge  or  department,  because  each  was  obliged  to  occupy  himself 
with  several  branches  of  business,  and  to  make  his  own  entries  when- 
ever he  had  the  means  of  doing  so.  The  pressure  of  daily  work  at  the 
main  office  was  so  onerous,  and  its  discharge  consumed  so  much  time,  that 
it  frequently,  and  in  fact  generally  happened,  that  no  opportunity  occurred 
to  verify  these  entries,  until  long  after  they  had  been  made,  and. the  trans- 
actions themselves  possibly  forgotten. 

The  Committee  have  no  doubt  that  this  want  of  force  was  known  to  the 
Directors,  as  they  have  been  informed  that  complaints  were  frequently 
made  to  them  on  this  subject,  but  the  Directors  did  not  see  fit  to  remedy 
the  evil,  from  the  wish,  it  is  said,  of  avoiding  extra  expense ; but  the  Com- 
mittee doubt  whether  such  an  excuse  should  have  much  weight ; because  to 
some  of  these  Clerks  an  amount  of  extra  compensation  has  since  been  paid 
for  extra  labor,  which  would  have  sufficed  for  the  employment  of  efficient 
assistants,  w'ho  could  doubtless  have  effected  much  more  than  could  have 
been  accomplished  by  the  persons  actually  rendering  the  service,  overtasked 
as  they  must  have  been  by  labor,  and  working  at  unseasonable  hours.  But 
the  greatest  evil  resulting  from  this  system  has  been,  that  it  not  only  per- 
mitted mistakes  to  creep  into  the  Books,  but  the  most  important  money 
transactions  were  necessarily  hurried  through  without  comment  or  inquiry, 
and  thereby,  doubtless,  many  acts  and  financial  operations  w^ere  permitted 
to  be  consummated,  which  the  Auditing  Committees  or  the  Directors,  had 
their  attention  been  called  to  the  subject,  w^ould  scarcely  have  failed  to  ob- 
serve; and  which,  if  observed,  would  probably  have  been  prevented.  The 
Committee  feel  that  great  loss  has  been  sustained  by  the  Company  in  con- 
sequence of  this  want  of  system,  for  which  a saving  in  the  salaries  of  a few 
Clerks  (should  it  be  proved  that  they  have  in  fact  been  saved)  would  be 
entirely  insufficient  to  compensate. 

But  there  are  cases  in  the  earlier  history  of  the  Company,  where 
great  neglect  is  apparent,  which  cannot  be  attributed  to  mere  \\ant  of  time 


104 


on  the  part  of  the  Clerks.  Mr.  Belknap,  on  one  occasion  borrowed 
^295,700  of  Bonds  due  in  1852,  and  jet  no  entry  of  this  transaction  has 
been  found  by  the  Committee  in  any  book  kept  at  that  time  ! The  Bonds 
were  issued  to  Mr.  Belknap  upon  his  receipts,  which  were  filed  amongst 
the  papers  in  the  office  in  Boston,  but  in  neither  the  Bond  Account  or  the 
Ledger,  was  any  mention  made  of  the  fact,  until  long  after  the  Bon(fs  had 
been  sold,  and  two  sets  of  Coupons  on  some  of  them  had  actually  been 
paid  ! 

Besides  this  sum  of  $295,700  ; Bonds  to  the  amount  of  $15,500  of  the 
same  Issue,  of  which  no  record  whatever  was  found  by  the  Committee,  and 
no  receipt  or  memoranda  found  on  file  relating  to  them,  were  discovered  to 
be  in  existence  and  outstanding  against  the  Corporation ; the  payment  of 
which  was  accordingly  stopped  by  the  Committee  on  the  1st  July,  1852, 
when  the  Bonds  became  payable,  and  were  presented  for  payment.  They 
were  then  traced  back  for  two  years  or  more,  through  their  various  owners, 
till  it  was  found  that  they  had  been  originally  disposed  of  by  Mr.  Belknap, 
or  his  Agent ; and  the  Committee  concluded,  that  they  were  received  by 
him  from  the  Company,  although  they  cannot  find  that  he  ever  was  charged 
with  them  in  account,  or  that  the  Company  have  ever  received  one  dollar’s 
consideration  for  them  ! 

There  are  many  other  instances  of  the  same  character,  involving  smaller 
amounts  of  property,  (perhaps  many  which  have  escaped  the  attention  of  the 
Committee,)  most,  if  not  all  of  which,  might  easily  have  been  remedied,  had 
proper  attention  been  given,  in  the  first  instance,  to  the  construction  of 
proper  Books,  and  had  suitable  care  been  exercised  in  this  department. 

The  Committee  have  observed,  with  pleasure,  that  since  the  appointment 
of  the  present  Treasurer,  great  reformation  has  taken  place  in  regard  to 
the  Books  and  Accounts  in  Boston,  where  the  business  of  the  Hoad  is  trans- 
acted at  but  one  Office,  and  competent  Clerks  are  engaged  in  its  prosecu- 
tion. And  it  is  believed  that  the  Books  and  Accounts  of  the  Treasurer  are 
now  systematically  and  accurately  kept,  and  will  bear  favorable  comparison 
with  those  of  any  other  Corporation. 

The  same  change  has  taken  place  at  Northfield,  under  the  administration 
of  the  Trustees  of  the  First  Mortgage  Bonds,  by  whose  orders  the  accounts 
connected  with  the  construction  and  running  of  the  Road  are  kept  in  a 
business-like  manner. 


105 


It  is  true  that  the  business  of  the  Company  has  been  lately  much  simpli- 
fied, that  it  is  comparatively  easy  to  systematize  it,  and  that  it  may 
now,  perhaps  be  done  by  a smaller  number  of  Clerks  than  should  have  been 
employed  heretofore ; but  with  due  allowance  for  these  suggestions,  the 
Committee  believe  that  much  improvement  has  been  effected  in  these  depart- 
ments, and  that  the  Stockholders  may  be  henceforth  satisfied  that  they  will 
not,  under  the  present  management,  be  subjected  again  to  evils  of  a similar 
character. 

Had  a thorough  examination  of  these  books  been  made  at  an  earlier  date, 
the  Committee  would  have  been  spared  much  trouble,  and  the  Stockholders 
would  not  have  suffered  as  severely  as  they  have  done,  from  the  distrust 
which  existed  in  the  community  in  regard  to  the  pecuniary  condition  of  the 
Road.  The  Directors  themselves  would  have  been  able  to  give  reliable 
statements  concerning  its  finances,  and  have  avoided  the  false  position  in 
which  the  assurances  they  have  made,  placed  them  before  the  public,  and 
many  losses,  no  doubt,  would  never  have  occurred.  Examinations  had 
certainly  been  made,  and  by  skilful  persons,  but  they  were  only  partial  in 
their  nature,  and  it  is  obvious  that  no  partial  examination  can  give  any  sat- 
isfactory account  of  the  condition  and  management  of  a concern  so  exten- 
sive, and  so  complicated  in  all  its  branches,  as  the  Corporation  now  under 
consideration. 


SIXTH. 

The  Business  Connection  of  the  several  Officers  of  the  Vermont  Central 
Railroad  with  the  Corporation^  and  their  Conduct  in  office. 

The  first  Board  of  Directors  was  elected  in  the  Summer  of  1845,  and 
consisted  of 

Charles  Paine, 

Samuel  S.  Lewis, 

Daniel  Baldwin,  left  July  15th  1846. 

John  Peck, 

James  R.  Langdon,  July  15th,  1846. 

Robert  G.  Shaw, 

Jacob  Forster. 


14 


106 


Of  this  number,  INIessrs.  Baldwin  and  Langdon  continued  in  office  but 
about  one  year  ; and  on  the  15th  of  July,  1846,  their  places  were  supplied 
pro  tern,  by 

Daniel  White,  and 
^ Lucius  B.  Peck. 

Mr.  Shaw  sent  in  to  the  Directors  his  resignation  on  the  27th  of  May, 
1848,  and  Isaac  Spalding  was  elected  by  them  in  his  stead.  But  being 
re-elected  by  the  Stockholders,  Mr.  Shaw  again  resumed  the  office  of 
Director. 

On  the  30th  of  August,  1848,  the  Board  was  composed  of  Messrs.  Paine, 
John  Pock,  Daniel  White,  Isaac  Spalding,  Isaiah  Silver,  Robert  G.  Shaw, 
and  Horatio  Adams. 

Mr.  Shaw  again  resigned  his  seat  as  Director  about  July  9th,  1849. 

On  the  18th  of  July,  1849,  a change  was  made  in  the  Board.  Messrs. 
White,  Adams,  Silver,  and  Spalding  retired,  and 

James  R.  Langdon, 

Joseph  Bell, 

Franklin  Haven, 

Thomas  Gray, 

Gardner  Brewer, 

were  appointed  to  fill  the  vacancies. 

December  5th,  1849,  F.  Haven’s  resignation  was  sent  in  and  accepted ; 
and  on  the  2d  of  April  1850,  Mr.  Charles  0.  Whitmore  was  appointed 
to  fill  the  vacancy. 

April.  6th,  1850,  Mr.  Bell  resigned,  and  his  resignation  was  accepted. 

May  10th,  1850,  J.  P.  Putnam  Esq.,  was  chosen  in  Mr.  Bell’s  place. 

November  26, 1850,  Messrs.  Gray  and  Brewer  resigned,  and  Messrs.  J. 
0.  Dunn  and  John  Smith  were  appointed  Directors  by  the  Stockholders. 

December  31st,  1850,  John  Peck  retired,  and  his  son  John  H.  Peck 
was  chosen  by  the  Directors  in  his  place. 


107 


October  5th,  1852,  Messrs.  Putnam,  Langdon,  and  Dunn  retired,  and 
Messrs.  Nathaniel  Thayer,  J.  W.  White,  and  Hollis  H.  Hunnewell,  were 
appointed  by  the  Stockholders. 

March  9th,  1853,  Mr.  Whitmore  resigned,  and  William  R.  Lee  was 
chosen  by  the  Directors  in  his  place. 

March  9th,  1853,  J.  Smith  resigned. 

April  29th,  1853,  Gov.  Paine  resigned. 


Their  seats  now  remain  vacant,  and  the  Board  now  consists  of 


Wm.  R.  Lee,  President, 
J.  H.  Peck, 

N.  Thayer, 

J.  W.  White, 

H.  H.  Hunnewell, 


^ Directors. 


Of  these  gentlemen,  Mr.  Charles  Paine  has  been  President  from  the  first 
organization  of  the  Board  of  Directors,  until  April  29th,  1853,  a period  of 
nearly  eight  years  ; the  term  of  office  of  the  other  Directors  not  averaging 
quite  two.  Mr.  John  Peck  remained  in  this  capacity  five  years  and  a half, 
a period  longer  than  that  of  any  other  member,  Mr.  Paine  excepted. 

Mr.  S.  H.  Walley,  Jr.,  was  the  first  Treasurer.  He  was  elected  and 
acted  as  such,  until  Daniel  White  was  appointed,  on  the  24th  day  of 
October,  1848,  “ to  act  as  Treasurer,  with  all  the  powers  incident  to  the 
office,  during  the  absence  of  Mr.  Walley.”  Mr.  White  was  succeeded,  on 
the  21st  of  March,  1849,  by  Mr.  Warner,  who  is  entitled  upon  the  Records, 
“ Treasurer,  pro  tern.”  Mr.  Warner  was  succeeded,  September  1st,  1849, 
by  Josiah  Quincy,  Jr. 

During  the  year  1845,  little  was  done  but  to  procure  subscribers,  survey 
routes,  locate  the  Road,  and  to  appoint  the  Engineer,  Contractors,  &c., 
and  nothing  occurred  during  that  period,  to  which  the  Committee  think  it 
necessary  to  direct  the  Stockholders’  attention.  They  approve,  as  has  al- 
ready been  observed,  of  the  general  location  of  the  Road,  and  although  by 
its  construction  through  Northfield,  a benefit  no  doubt  resulted  to  Mr. 
Paine,  who  was  an  owner  of  a very  considerable  quantity  of  land  in  that 


108 


town,  yet  the  Committee  have  seen  no  reason  to  believe  that  Mr.  Paine 
used  any  improper  influence  to  procure  its  location,  or  that  he  has  realized 
any  unusual  profit  from  the  sale  of  his  land  to  the  Company.  The  sums 
received  by  Mr.  Paine  from  the  Corporation,  for  land,  &c.,  are  stated 
(^Appendix,  Table  VI.)  They  are  moderate  when  compared  with  other  land 
damages  which  have  been  paid ; and  in  fact,  the  Committee  have  been  in 
formed,  that  the  price  he  accepted  was  less  than  the  value  put  upon  the 
land  by  Commissioners  appointed  to  appraise  it. 

Had  the  Road  been  located  upon  any  other  of  the  proposed  routes,  the 
change  would  not,  in  the  opinion  of  the  Committee,  have  proved  beneficial 
to  the  Company  ; and  this  being  so,  they  do  not  see  why  any  charge  should 
be  made  against  Mr.  Paine  for  participating  with  the  rest  of  the  community 
in  the  profit  realized  from  the  construction  of  a Railroad  through  his  estate, 
the  Road  (if  its  construction  at  all  be  necessary,)  being  itself  also  a gainer 
by  the  location. 

In  treating  of  the  conduct  of  the  Officers  of  the  Vermont  Central  Rail- 
road, the  Committee  cannot  but  observe  that  immense  amounts  of  money 
have  been  expended  in  constructing  this  Road,  which  by  a careful  man- 
agement might  probably  have  been  saved.  That,  had  the  necessary  means 
been  in  the  first  instance  provided,  to  complete  the  work  ; nay,  had  the 
means  on  hand  been  prudently  and  economically  applied,  the  saving  to  the 
Stockholders  would  have  been  very  great.  That  the  Stockholders  had  the 
right  to  expect  of  their  Directors  such  careful  management,  and  so  pru- 
dent and  economical  an  application  of  their  funds,  seems  self  evident ; at 
least,  such  duties  appear  to  the  Committee,  to  devolve  necessarily  upon 
Directors,  by  their  acceptance  of  office.  To  effect  this,  it  is  not  neces- 
sary that  they  should  themselves  perform  the  duties  of  clerks,  and  the 
Committee  well  know,  that  without  the  devotion  of  much  more  time  than 
Directors  usually  think  themselves  required  to  bestow,  it  would  be  very 
difficult,  to  say  the  least,  for  them  individually  to  ascertain  whether  or  not 
the  monies  advanced  for  particular  objects,  were  properly  disbursed ; and 
they  could  not  be  expected,  of  their  own  knowledge,  to  know,  to  what 
amount  the  Corporation  might  be  involved  for  incidental  claims,  dam- 
ages, &c.,  or  whether  contracts  for  materials  &c.,  were  or  were  not  properly 
made,  or  whether  the  earnings  and  running  expenses  were  reported  with  per- 
fect accuracy.  This  knowledge  must  be  indirectly  acquired  through  the 


109 


intervention  of  Officers,  to  whom  the  duty  of  performing  these  tasks  should 
be  especially  confided,  and  from  whom  reports  should  be  constantly 
required.  From  this  very  necessity,  it  becomes  doubly  important  for 
Directors  to  see,  in  the  first  instance,  that  proper  officers  are  appointed. 
That  each  Department  is  properly  represented  ; that  the  duties  of  each 
are  defined,  and  that  some  system  in  regard  to  responsibility  in  office  be 
adopted,  by  which  to  insure  the  proper  application  of  the  funds  of  Stock- 
holders to  the  objects  to  which  these  funds  are  entrusted  to  their  charge. 

The  Committee  regret  to  say  that,  in  these  repects,  the  Directors  have 
failed  to  perform  what  appears  to  the  Committee  to  have  been  their  first 
duty.  The  Directors  do  not  seem  to  have  considered  it  necessary  that 
the  accounts  should  be  systematically  kept,  for  they  could  not  but  have 
discovered  the  want  of  system  which  prevailed.  They  should  have  known 
(for  they  had  the  means  of  knowledge)  that  improper  use  was  made  of  the 
funds  of  the  Company  — that  the  books  were  in  fact  incorrect  — that 
no  record  at  all  was  for  a long  time  kept  of  the  Bonds,  — and  they  should, 
through  the  medium  of  proper  Officers,  have  acquired  accurate  information 
relating  to  the  construction  of  the  Hoad  ; outstanding  claims  and  the 
prices  which  were  paid  for  labor,  materials,  &c.  And  they  should  have 
seen  that  the  assets  were  careful  guarded.  That  they  were  conscious  that 
such  duties  were  expected  of  them  is  obvious,  for  they  went  through  the 
formality  of  appointing  Sub- Committees  of  their  number  to  audit  accounts, 
to  attend  to  finances,  &c.  But  either  these  Committees  did  not  think  espe- 
cial attention  to  the  accounts  necessary,  or  the  Directors  did  not  take  the 
trouble  to  attend  to  their  Reports  — for  the  supposition  that,  upon  a 
thorough  examination,  the  defects  in  system  to  which  the  Committee  have 
referred  in  this  Report,  should  in  the  earlier  stages  of  construction  have 
escaped  observation,  is  as  incredible,  as  that  the  Directors  should  have 
failed,  when  informed  of  the  evil,  to  have  adopted  measures  to  remedy  it. 
The  principal  evidence  of  remissness  on  the  part  of  the  Directors  of 
the  Central  Railroad,  is  exhibited  in  their  action  under  the  Belknap  Con- 
tract ; under  the  Vermont  and  Canada  Lease  ; and  in  their  negotiations  with 
Josiah  Quincy,  Jr.  These  subjects  have  all  been  treated  in  detail  under 
their  proper  heads,  and  there  is  no  necessity  to  recapitulate  them 
here. 

Nor  were  the  losses  experienced  from  these  causes  entirely  unexpected, 


110 


for  the  Committee  are  forced  to  say,  that  the  Directors,  or  some  of  them, 
do  appear,  in  some  instances,  to  have  anticipated  to  a certain  extent,  some 
of  the  evils  which  have  subsequently  proved  so  disastrous.  From  letters 
on  file,  it  would  seem,  that  some  of  them  knew  that  the  Company  was  incur- 
ing great  liability  on  Belknap’s  account ; that  they  were  fully  aware  that 
he  was  in  doubtful  credit ; and  that  it  was  dangerous  to  advance  him  funds. 
Mr.  Walley  appears  to  have  early  discovered  the  danger,  and  to  have  pro- 
tested against  complying  with  Mr.  Belknap’s  demands  for  money,  as  early 
as  August,  1846.  But  notwithstanding  this,  the  Directors  after  a remon- 
strance from  Mr.  Walley,  as  Treasurer,  upon  the  subject  of  over  advances, 
actually  lent  Mr.  Belknap,  over  0300,000  in  Bonds  of  the  Company ! 
This  seems  to  have  been  the  result  of  a joint  action  on  the  part  of  the 
President  and  some  of  the  Directors ; for  the  Committee  find  that  Mr. 
White,  when  acting  as  Treasurer,  was  unwilling  to  run  the  risk  of  making 
the  advances  himself,  and  required  the  sanction  of  a Committee,  or  of  the 
Board,  before  incurring  the  hazard  of  such  a step  ; and  Mr.  Warner  after- 
w^ards,  when  Treasurer  pro  tern,  appears  to  have  been  seriously  alarmed  at 
Mr.  Belknap’s  repeated  calls  for  assistance,  and  to  have  been  v/arned  of 
the  danger,  in  which  by  its  connection  with  this  Contractor,  the  Corporation 
was  placed. 

The  President  of  the  Board,  Mr.  Paine,  appears  to  have  taken  upon 
himself  a responsibility  in  regard  to  the  Road,  which  was,  in  the  opinion  of 
the  Committee,  unnecessary.  He  attended  to,  and  made  either  directly  or 
indirectly  most  of  its  contracts  — superintended  in  a great  measure  the  con- 
struction and  running  of  the  Road  — fixed  or  modified  its  tariff  of  tolls  — 
was  constructing  Agent  of  this,  as  well  as  of  the  Vermont  and  Canada  Road 
— was  disbursing  Agent  at  Northfield  — and  in  fact,  in  one  capacity  or  an- 
other, seems  to  have  taken  a most  active  part  in  all  transactions  of  any  inter- 
est or  importance,  in  which  the  Company  was  concerned.  He  appears  to 
have  been  very  instrumental  in  the  loan  to  Belknap,  under  the  apprehen- 
sion that  if  unassisted,  Mr.  Belknap  might  fail ; although  the  Committee 
do  not  clearly  see  why  such  a result  was  so  much  to  be  dreaded  by  the 
Company,  particularly  as  the  Corporation  was  authorized  to  retain  funds  of 
Mr.  Belknap  to  meet  such  an  emergency.  He  was  instrumental  in  procur- 
ing the  Charter  of  the  Vermont  and  Canada  Road  — disbursed  the  moneys 
for  its  construction  ; and  laboring  incessantly  in  so  many  Departments,  was 


Ill 


unable  to  see  that  the  duties  of  any  were  methodically  or  accurately  per- 
formed. 

If  Mr.  Paine’s  services  to  the  Road  are  to  be  estimated  by  the  mere  la- 
bor consequent  upon  them,  great  credit  must  certainly  be  given  him,  for 
there  is  no  doubt  that  he  was  most  constantly  and  most  unremittingly  occu- 
pied ; if  the  building  of  the  Road  itself,  and  the  connection  thus  estab- 
lished between  Boston  and  the  Canadas,  confers  any  claim  to  the  thanks  of 
the  Stockholders,  to  Mr.  Paine  this  result  is  probably  to  be  attributed  more 
than  to  any  other  individual  ; but  if  the  Stockholders  judge  of  the  value  of 
these  efforts  simply  by  the  benefits  resulting  from  them  in  a pecuniary  point 
of  view ; if  they  look  only  at  the  means  by  which  this  connection  has  been 
made  ; they  will,  the  Committee  fear,  be  obliged  to  attribute  to  him,  more 
than  to  any  other,  the  embarrassments  and  losses  to  which  they  have  been 
subjected.  Had  he  given  more  of  his  time  to  details,  and  devoted  less 
of  it  to  matters  falling  more  properly  under  other  Departments  — had  he 
seen  that  the  Road  was  properly  superintended  from  its  outset  to  its 
completion,  not  only  would  ^ much  money  have  been  saved,  but  accu- 
rate information  of  the  state  of  the  Road  and  of  the  Company’s  finances 
could  have  been  procured,  to  the  want  of  which,  in  a great  measure,  the 
depreciation  in  the  Stock,  and  the  bad  state  of  the  Company’s  credit  is 
doubtless  attributable. 

This  course  of  conduct  on  the  part  of  Mr.  Paine,  probably  led  also  to  a 
corresponding  remissness  on  that  of  the  Directors.  They  found  that  re- 
sponsibility was  taken  from  them,  and  they  were  willing  to  transfer  it  to 
him.  They  seem  to  have  taken  his  estimates  for  facts,  and  his  theories  for 
well  ascertained  results. 

The  Directors  do  not  appear  to  have  derived  from  this  Company  any 
profit  personally  from  their  connection  in  that  capacity  with  the  Corpora- 
tion ; for  the  small  compensation  paid  them  per  day,  whilst  at  work  for  the 
Company,  is  not,  in  this  point  of  view,  worthy  consideration. 

The  following  circumstance  which  has  lately  transpired,  requires,  however, 
to  be  noticed  in  this  connection.  When  the  Vermont  and  Canada  was  first 
built,  and  until  the  ingenious  expedient  of  connecting  the  opposite  shores  of 
Lake  Champlain,  at  Rouse’s  Point,  by  means  of  the  Floating  Bridge,  was 
adopted,  a Steamboat  by  the  name  of  the  Ethan  Allen  was  purchased  by  the 
Vermont  and  Canada  Railroad  to  transport  passengers  and  freight  across  the 


112 


lake.  This  Boat  cost  originally,  and  in  additions  and  repairs,  ^26,527  92. 
After  the  Floating  Bridge  had  been  constructed,  and  had  supplied  the 
place  of  the  Boat,  the  Directors  of  the  Vermont  and  Canada  placed  her  in 
the  hands  of  a Committee  for  sale,  and  through  the  agency  of  Mr.  John 
H.  Peck,  she  was  bought  for  the  Central  Road,  and  charged  by  the  Can- 
ada to  the  Central  at  cost.  The  Central  Road  had  of  course  no  use  for 
the  Boat,  which*  was  then  much  depreciated  in  value,  and  soon  after  Mr. 
Peck  sold  her  for  $15,000.  This  sum,  however,  never  was  paid  over  to 
the  Central  Road.  $9,974  97  of  it,  was  given  to  Mr.  Paine  by  Mr.  Peck, 
he  retaining  the  balance  himself,  and  Mr.  Paine  and  Mr.  Peck  having  each 
disputed  claims  against  the  Vermont  and  Canada  Road  for  services  and 
endorsements,  retained  the  whole  sum  as  payment,  giving  to  the  Vermont 
and  Canada  receipted  bills  in  exchange ! Now  without  passing  upon  the 
propriety  of  the  charges  made  by  these  Gentlemen  against  the  Vermont 
and  Canada,  (as  such  an  inquiry  does  not  fall  within  their  province,)  the 
Committee  cannot  avoid  referring  to  the  impropriety  of  thus  appropriating 
the  funds  of  another  Corporation  in  payment.  It  might  have  been  proper 
for  the  Central  Railroad  to  have  disposed  of  the  Steamboat,  because  the 
whole  $26,527  92  was  originally  charged  in  the  construction  of  the  Ver- 
mont and  Canada  as  part  of  the  cost  of  the  Road,  and  the  Central  was 
therefore  particularly  interested  in  disposing  of  her  to  advantage.  But  the 
proceeds  should  not  have  been  used  by  these  Directors,  to  force  a settle- 
ment of  disputed  claims,  which,  in  a similar  capacity,  they  had  against  the 
Vermont  and  Canada  ; and  it  is  to  be  hoped  that  they  will  treat  these  two 
questions  as  entirely  distinct.  This  occurrence  affords  another  striking  illus- 
tration of  the  disadvantage  under  which  the  Central  labored  at  this  time,  by 
giving  to  the  Directors  of  the  Vermont  and  Canada  a similar  office  in  their 
own  Board.  The  Committee  infer,  from  various  facts  within  their  knowl- 
edge, that  if  the  Vermont  Central  had  not  taken  this  Steamer  from  the  Can- 
ada Road,  the  latter  would  have  sold  her  through  the  same  agency  employed 
by  the  Central,  and  to  the  same  parties  ; and  this  being  the  case,  they  do 
not  see  why  this  transfer  should  have  been  thus  circuitously  made.  Nor 
do  they  think  that  the  Central  should  have  paid  back  in  cash  to  the  Canada 
the  outlay  on  this  boat,  which,  for  reasons  before  stated,  should  form  an  item 
in  the  Construction  of  the  latter. 

The  Committee  feel  great  pleasure  in  saying  that  they  have  in  other 


113 


respects  discovered  nothing  which  calls  for  pai  iicular  censure.  But  in 
considering  the  conduct  of  the  Directors  whilst  acting  as  a Board,  the 
Committee  cannot,  for  reasons  before  given,  award  them  the  credit  of  hav- 
ing discharged  all  the  duties  which  seem  incident  to  their  office.  Nor  can 
thej  excuse  them  for  giving  to  the  Public,  assurances  of  the  condition  of  the 
Road,  which  differ  so  widely  from  the  truth,  on  the  faith  of  which  doubtless 
the  Stockholders  were  induced  quietly  to  submit  to  great  reductions  in  the 
par  of  their  Stock,  and  the  Public  to  make  large  subscriptions  to  supply 
means  of  future  construction. 

One  of  these  statements  in  which  great  confidence  was  no  doubt  placed 
at  the  time,  was  as  follows : 


VERMONT  CENTRAL  RAILROAD. 


‘‘  This  Road  extends  from  Windsor  to  the  Lake  shore  at  Burlington, 
116  miles.  The  Cost  at  the  last  issue  of  Stock  will  be  as  follows,  to  wit : 


100,000  shares  Stock,  at  $30, 

Bonds  issued  and  to  be  issued  for  divi-  ^ 
dends  of  interests,  . . . 3 

Less  assets,  which  may  be  applied  in  settle-  ) 
ment  of  the  same,  at  a low  estimate,  say,  ) 


$3,000,000  00 

881,122  00 
381,122  00 

500,000  00 


Total  cost  of  Road  and  Furniture,  . . . $3,500,000  00 


estimated  at  thirty  dollars  per  share, — all  of  which  is  provided  for  by 
the  last  issue  of  50,000  Shares  ; which  Issue  in  the  opinion  of  the  Directors, 
will  render  any  further  call  on  the  Stockholders,  or  issue  of  Bonds,  unneces- 
sary. 

“ The  Vermont  Central  has  taken  a permanent  Lease  of  the  Vermont  and 
Canada  Railroad,  at  eight  per  cent  on  cost,  which  at  contract  price,  is  but 
$17,000  per  mile,  or  $765,000;  equal,  at  six  per  cent,  to  $1,020,000. 
Making  the  whole  cost  of  the  two  Roads  in  connection  from  Windsor  to 
Rouse’s  Point,  one  hundred  and  sixty-one  miles,  including  equipage, 
$4,520,000,  or  $28,075  per  mile. 

“ The  whole  of  the  Vermont  Central,  (with  the  exception  of  two  miles  in 
15 


114 


Burlington,  which  will  be  finished  within  two  months,)  is  com'pleted.  Th:; 
Vermont  and  Canada  will  be  ready  for  superstructure  early  in  August, 
and  the  line  be  opened  early  in  October,  to  meet  at  that  time  the  Northern 
Railroad  in  New  York,  connecting  it  with  Ogdensburgh  and  Lake  Ontario, 
and  the  St.  Johns  and  Laprairie  Railroad,  uniting  it  with  Montreal  and  the 
St.  Lawrence. 

“ The  Earnings  of  the  unfinished  Vermont  Central,  have  yielded  more  than 
three  'per  cent,  per  annum  on  ^4,500,000,  the  Capital  of  the  whole  line 
from  Windsor  to  Rouse’s  Point, — and  a glance  at  the  map  must  convince 
any  one  of  the  immense  accession  of  business  that  must  arise,  when,  in 
October  next,  it  connects  Montreal  and  Lake  Ontario  with  the  ocean  at 
New  York  and  Boston.”* 

This  Statement  appears  to  have  been  made  with  great  deliberation,  and 
it  probably  received  the  approbation  of  the  whole  Board  of  Directors,  for 
by  the  Directors’  Records  it  appears  that  a vote  was  passed,  June  14th, 
1850,  “ That  the  foregoing  abstract  be  signed  by  the  President  and 
Treasurer,  published  for  the  information  of  the  Public'^’’ — I 

A slight  variation  from  such  a declaration  might  have  been  excused  ; 
but  can  a variation  of  $5,000,000  be  considered  slight  ? Can  the  fact  be 
overlooked,  that  the  assertion  is  there  made,  in  the  most  positive  terms, 
‘‘  that  the  whole  of  the  Central  Road,  with  the  exception  of  two  miles  in 
Burlington,  which  will  be  finished  within  two  months,  is  completed,”  when, 
ever  since  that  time,  the  work  has  been  not  only  incomplete,  but  a consid- 
erable outlay  is  yet  required  to  finish  it  ? 

The  Committee  do  not  wish  to  dwell  longer  upon  this  subject.  Other 
instances  might  probably  be  found  where  the  Directors  have  made  state- 
ments in  regard  to  the  affairs  of  the  Road,  which  subsequent  events  have 
not  justified ; but  this  one  will  suffice. 

The  Directors  also  granted  extraordinary  powers  to  Mr.  Quincy.  These 
are  probably  to  be  attributed  to  the  confidence  they  personally  reposed  in 
him  ; and  for  the  losses  resulting  from  this  connection,  they  ought  not  to 
be  chargeable,  if,  as  was  probably  the  case,  they  could  not  make  with  him 
any  more  favorable  bargain.  They  should  have  felt  it  to  be  more  necessary, 


The  words  italicised  are  italicised  by  the  Committee. 


115 


on  this  account,  however,  to  keep  a careful  supervision  over  his  conduct ; 
they  should  have  seen  that  he  was  not  allowed  to  pledge  the  funds  of  the 
Company  for  his  own  notes,  except  in  instances  where  the  Company  real- 
ized the  benefit  of  the  pledge  ; and  that  when  the  Company’s  notes  were 
returned,  the  collateral  for  them  was  returned  likewise.  This  would  have 
been  easily  done,  and  it  was  in  fact  part  of  the  duty  of  the  Auditing 
Committee. 

Due  allowance  for  these  faults  of  the  Directors  should  however  be  made. 
Stockholders  ought  not  to  censure  too  highly  omissions  of  this  nature, 
simply  because  unfortunate  consequences  have  resulted  from  them  ; and 
particularly  if  the  opportunity  to  err  is  attributable  to  themselves ; it  being 
highly  probable  that  the  Stockholders  were,  to  a great  extent,  aware  of  the 
mode  in  which  the  business  was  done,  and  of  the  discretionary  power  given 
to,  and  exercised  by,  Mr.  Paine  and  Mr.  Quincy.  Nor  is  the  circumstance 
to  be  overlooked,  that  these  very  Directors,  or  many  of  them,  were  large 
owners  of  Stock,  and  were  as  great  sufferers  in  proportion  to  the  amount, 
as  the  rest  of  the  community,  and  that  they  probably  considered  the  inter- 
ests of  the  Company  safe  in  the  hands  of  its  guiding  Officers. 

A list  is  here  subjoined  which  is  taken  from  the  Company’s  Records,  and 
which  states  the  term  of  office  of  each  Director  in  order. 


Chosen.  Retired. 


Charles  Paine, 

July  23, 

1845. 

April  29, 1853. 

S.  S.  Lewis, 

u 

u 

u 

Aug.  30, 1848. 

Daniel  Baldwin, 

u 

u 

u 

July  15,  1846. 

John  Peck, 

ii 

a 

a 

Dec.  31, 1850. 

J.  R.  Langdon, 

a 

u 

u 

July  15,  1846. 

R.  G.  Shaw, 

(( 

(( 

6( 

May  27,  1848. 

J.  Forster, 

u 

u 

iC 

Aug.  30,  1848. 

Daniel  White, 

July  15, 

1846. 

July  18,  1849. 

L.  B.  Peck, 

a 

u 

a 

Aug.  30,  1848. 

I.  Spaulding, 

May  27,  1848, 

July  18,  1849. 

I.  Silver, 

Aug.  30, 1848, 

a u (6 

H.  Adams, 

u 

u 

a u u 

R.  G.  Shaw, 

u 

u 

a 

^ Feb.  9,  1849. 

116 


J.  R.  Langdon, 

July  18, 1849, 

Oct.  5,  1852, 

J.  Bell, 

((  ((  u 

April  16,  1850. 

F.  Haven, 

((  a (( 

Dec.  5,  1849. 

T.  Gray, 

((  ((  (( 

Nov.  26,  1850. 

G.  Brewer, 

u a n 

((  u a 

C.  0.  Whitmore, 

April  2,  1850, 

March  9,  1853. 

J.  P.  Putnam, 

May  10,  1850, 

Oct.  5,  1852. 

J.  C.  Dunn, 

Nov.  26, 1850, 

((  (t  u 

John  Smith, 

u a u 

March  9,  1853. 

J.  H.  Peck, 

Dec.  31,  1850, 

Nathaniel  Thayer, 

Oct.  5,  1852, 

Still  in  office 

J.  W.  White, 

U ((  u 

1 

► on  the 

H.  H.  Hunnewell, 

a ((  a 

1st  of  July,  1853, 

W.  Raymond  Lee, 

March  9,  1853, 

From  this  list  it  is  apparent  that  many  of  the  Directors  retired  before 
the  important  losses  of  the  Company  had  occurred,  and  many  did  not  come 
into  office  until  after  these  losses  had  actually  happened.  By  these  fre- 
quent changes  it  is  probable  that  many  of  the  defects  in  system  have  been 
caused  : the  earlier  Directors  having  retired  before  matters  could  well  be 
systematized,  and  the  later,  upon  assuming  office,  probably  relied  much 
upon  their  predecessors  having  in  fact  established  a system,  with  which 
they  did  not  wish  to  interfere. 

The  Committee  regret  that  they  are  unable  to  give  to  the  Directors 
proper  credit  for  such  of  their  acts  as  have  proved  beneficial  to  the  Com- 
pany. Reports  of  Committees  upon  the  conduct  of  Officers  are  neces- 
sarily ex  parte.  Losses  and  derelictions  from  duty  appear  upon  the  books 
and  records,  and  instantly  attract  the  eye  ; but  the  benefits  derived  from  the 
fortunate  bargains  made  ; the  results  of  well  arranged  plans ; the  evidences 
of  labor  well  bestowed  ; the  liabilities  gratuitously  assumed  in  behalf  of  the 
Corporation,  are  not  equally  conspicuous  ; and  when  noticed,  are  necessarily 
treated  as  but  the  performance  of  a simple  duty,  although  on  many  of  these 
occasions,  had  Directors  altogether  omitted  to  act,  and  thereby  the  Com- 
pany had  not  realized  the  advantages  resulting  from  the  act  itself,  no  cen- 
sure could  have  been  pronounced.  The  Committee  have  no  doubt  that 
many  acts  of  these  Directors  were  of  this  character  ; that  they  have  fre- 


117 


quentlj,  on  occasions  of  emergency,  not  only  recommended  to  the  Stock- 
holders a course  of  action,  but  have  adopted  it  themselves,  — for  the  sub- 
scription lists  abundantly  prove  this  fact.  That  they  often  endorsed  the 
Company  Notes  without  remuneration,  when  its  credit  was  at  its  lowest 
point,  for  the  Committee  find  such  endorsements  now  on  the  files, — that 
they  often  lent  money  to  the  Company  at  six  per  cent,  when  a much  higher 
rate  could  have  been  obtained ; for  this  is  verified  by  the  Cash  Book. 
But  it  is  impossible  within  the  limits  of  this  Report  to  specify  all  the 
instances  of  this  nature.  Nor  would  it,  in  the  opinion  of  the  Committee,  be 
proper  to  do  so,  as  such  an  enumeration,  although  highly  creditable  to  some 
of  the  Board,  might  operate  unfavorable  to  others  who  have  not  thus  inter- 
posed in  behalf  of  the  Company,  but  who,  to  the  extent  of  their  means  or 
opportunities,  might  and  probably  would  have  been  willing  to  perform  the 
same  service. 

It  is  due  to  the  Directors  and  to  all  the  Officers  in  the  employ  of  the 
Company  to  observe,  that  they  have  afforded  the  Committee  every  facility 
in  their  power  to  aid  this  investigation,  and  have  cheerfully  furnished  all 
books,  papers  &c.,  in  their  custody,  and  by  their  assistance  the  Committee 
have  been  relieved  of  much  labor,  to  which  from  want  of  such  co-operation 
they  would  necessarily  have  been  subjected. 

The  Committee  have  annexed  tables  (^Appendix^  Table  VI.)  shewing  the 
amounts  which  have  been  received  by  those  of  the  Directors,  to  whom 
especial  attention  had  been  previously  directed,  viz  : Messrs.  Paine,  John 
H.  Peck,  John  Peck,  Whitmore,  Dunn  and  Putnam.  In  regard  to  the 
other  members  of  the  Board,  the  Committee  find  nothing  upon  this  subject, 
of  sufficient  interest  to  report.  All  the  Directors  were  entitled  by  their  vote 
to  charge  §5  per  day  for  their  time  whilst  “ absent  from  home  ” upon 
the  business  of  the  Company,  and  their  travelling  expenses.  The  allowance 
is  reasonable  enough,  but  as  a general  thing  it  would  certainly  be  less 
objectionable  to  have  the  rates  of  compensation  for  Directors  fixed  by  the 
Stockholders.  As  the  Directors,  however,  have  not  abused  the  powers 
they  exercised,  by  voting  in  their  own  favor  any  extravagant  remuneration, 
the  Committee  attach  no  blame  to  them  on  this  account. 

The  Stockholders  will  remember  that  in  speaking  of  the  conduct  of  the 
Directors  as  a Board,  they  do  not  refer  to  the  Board  which  was  appointed 
on  the  6th  day  of  October,  1852.  From  the  time  this  appointment  was 


118 


made  a marked  change  has  taken  place  in  the  management  of  the  Road. 
Much  credit  is  due  these  gentlemen  for  the  labor  bestowed  by  them  to 
re-organize  the  affairs  of  the  Company  and  to  disentangle  it  from  the  many 
embarrassments,  in  which,  upon  their  accession  to  office,  they  found  it 
involved.  By  them  the  floating  debt  has  been  reduced  from  $1,121,835  00 
to  $224,162  73.  Through  their  agency  the  unsettled  accounts  between  Mr. 
Quincy  and  the  Corporation,  have  been  adjusted  and  its  credit  materially 
improved;  their  Treasurer,  G.  M.  Dexter,  Esq.,  having  been  enabled  to 
borrow  the  greater  part  of  the  money  required  for  the  use  of  the  Company 
at  6 per  cent. 


SEVENTH. 

The  Assignment  of  the  Vermont  Central  Railroad^  and  the  Vermont  and 
Canada  Railroad,  to  the  Trustees  of  the  first  Mortgage  Bonds  ; the  Reasons 
for  this  Assignment ; and  the  Chancery  Proceedings  instituted  hy  the  Ver- 
mont Central  Railroad  for  the  Re-delivery  of  the  Roads. 

When  this  Report  was  originally  prepared,  the  Committee  intended  to 
give  a history  of  the  circumstances  under  which  the  possession  of  the 
Road  and  Equipment  was  given  up  to  these  Trustees  ; but  this  matter  has 
since  been  so  fully  treated  of  by  the  Directors,  in  their  8th  Annual  Report, 
that  this  has  become  unnecessary.  The  Trustees  took  possession  on  or 
about  the  29th  of  June,  1852,  at  the  request  of  the  Directors,  and  it  has 
since  remained  in  their  hands.  Proceedings  have  been  instituted  in  Equity, 
in  behalf  of  the  Stockholders,  to  regain  possession  of  the  Road  and  Equip- 
ment, in  which  no  decision  has  yet  been  pronounced.  For  a full  account 
of  the  motives  which  led  to  a surrender  of  the  property  to  the  Trustees, 
reference  may  be  had  to  the  Directors’  Report  before  alluded  to.  Much 
more  system  has  prevailed  in  the  management  of  the  Road  under  the 
Trustees,  than  under  any  previous  administration. 


119 


EIGHTH. 

TJie  Assets  of  the  Vermont  Central  Railroad^— > their  Present  Value. 


The  Assets  of  the  Central  Road,  on  the  first  day  of  July,  1853,  consist 
of  the  following  : 


Notes  Receivable,  being  mostly  Stock  Notes, 

Less  50  per  cent., 

Vermont  Central  Railroad  forfeited  and 
purchased  stock,  1816  Shares,  at  market 
value,  ^18.00, 

Belknap  Claim,  secured  by  assignment  of 
claim  against  the  Ogdensburgh  Rail- 
road Co.,  and  500  Shares  Grand  Junc- 
tion Railroad  stock,  valued  as  follows  : 

Ogdensburgh  Claim,  at 

Grand  Junction  Stock,  at 

Vermont  Valley  Railroad  Stock, 135  Shares, 
valued  at 

Boston  & Vermont  Telegraph  Stock,  120 
shares,  valued  at 

Grand  Junction  R.  R.  Stock,  1150  Shares, 
valued  at  market  price  less  20  per  cent. 

Estate  of  J.  Quincy,  Jr.,  valued  as  follows  : 

South  Shore  Railroad  Bonds,  $90,400  at 
price  offered  by  responsible  parties, 
viz  : 80-100 

Vermont  Central  Railroad  Stock,  847  Shares 
at  market  price,  $18  00  per  share 

Value  of  Mortgages 

Hingham  Steamboat  Stock,  29  Shares,  val- 
ued at 

Second  Mortgage  Bonds,  at  75-100 
Total  Resources, 


$27,702  74 
13,851  37  = 13,851  37 


33,228  00 


40,000 

26,750  = 66,750  00 
00 
00 

59,800  00 


72,320 

15,246 

15,000 

000=102,566  00 
355,775  00 

$632,970  37 


120 


NINTH. 

The  LialiUties  of  the  Company  other  than  its  Funded  Debt. 

These  consist  of  Notes  and  Accounts  payable  ; the  Bonds  due,  1852  and 
1 856  ; and  demands  ^^hich  exist  against  the  Company  not  represented  on 
their  books. 

The  Notes  and  iVccounts  payable  will  amount  to  §250,769  64  on  the  first 
July  current,  as  per  Balance  Sheet.  Bonds  due  in  1852  and  1856,  to 
the  amount  of  §225,400.  To  meet  these,  the  Corporation  has  the 
Assets  on  hand,  mentioned  on  previous  page  : §632,970  87. 

Leaving  a surplus  on  hand  estimated  at  §156,800  73,  which  may  be 
applied  towards  closing  Construction  Account. 

As  to  the  demands  against  the  Corporation  which  do  not  appear  on  the 
Company’s  books,  they  of  course  include  disputed  and  litigated  claims,  &c. 

The  Committee  regret  that  they  have  not  the  means  of  stating  positively 
to  what  these  may  amount.  They  are  left  upon  this  subject  to  conjecture. 

Upon  their  appointment,  the  Committee  caused  a notice  to  be  given  by  pub- 
lication to  all  persons  having  such  claims  to  present  them,  as  they  presumed 
such  to  be  the  only  course  which  could  be  adopted  to  ascertain  their  amount. 

This  notice  was  distributed  over  the  line  of  the  Road,  and  placed  in  some 
conspicuous  place  at  the  several  Offices  of  the  Company. 

No  claims  have,  however,  been  made  under  it  to  the  Committee  person- 
ally, although  over  a year  has  since  then  elapsed,  and  they  therefore  are  of 
opinion  that  if  such  claims  had  existed  to  any  considerable  amount,  the 
claimants  would  certainly  have  communicated  to  them  the  fact. 

The  Committee  have  made  frequent  inquiries  of  the  Officers  of  the  Com- 
pany, who  should  have  knowledge  of  such  claims,  but  they  have  not  dis- 
covered any  by  that  process  ; they  therefore  do  not  believe  that  the  Stock- 
holders in  future  need  fear  much  inconvenience  or  loss,  arising  from  this 
quarter. 

There  are  of  course  certain  litigated  claims  yet  existing,  against  the  Com- 
pany, for  damages,  unsettled  accounts  of  contractors,  &c.  ; such  are  to  be 
expected  in  the  case  of  all  newly  constructed  Railroads  ; but  the  Committee 
do  not  think  that  any  very  large  amount  will  be  required  to  pay  them. 


121 


TENTH. 

The  Earnings  from  Traffic  upon  the  Vermont  Central  and  the  Vermont 
and  Canada  Roads^  and  the  Expenditures  incident  upon  Working  these 
Roads. 

The  Committee  have  had  great  difficuly  in  resolving  this  branch  of  their 
inquiry.  It  was  all  important  for  purposes  of  comparison,  that  they  should 
ascertain  the  earnings  of  each  year  by  itself,  for  it  is  upon  such  a compari- 
son, that  calculations  of  future  business  are  mainly  to  be  based. 

The  Books  showing  the  result  of  this  business,  were  kept  at  Northfield, 
and  many  of  the  most  important  were  consumed  by  fire.  These  Books 
were  compiled  from  Accounts  rendered  by  connecting  roads  and  by  the 
several  Station  Agents,  from  their  respective  books,  but  of  the  Station 
books,  many  of  those  kept  at  Windsor  and  West  Alburg  had  also  been  burnt. 
Besides  this,  the  Entries  in  the  Books  at  Northfield,  relating  to  the  Earn- 
ings of  the  Road,  were  so  made,  that  it  was  absolutely  impossible,  by 
their  aid  alone,  to  separate  the  Earnings  of  one  year,  from  those  of  another. 
The  Committee,  to  obtain  the  means  of  making  up  their  tables  of  earnings, 
relied  almost  exclusively  upon  the  original  entries  made  at  the  station- 
houses,  where  such  entries  survived  the  fire.  When  these  books  were  not 
to  be  found,  they  had  recourse  for  the  missing  entries  to  the  accounts 
relating  to  them  which  had  been  rendered  by  the  Station  Agents  to  the 
OflSce  at  Northfield ; and  from  both  together,  they  have  been  enabled  to 
construct  an  entire  account,  the  accuracy  of  which  they  tested  by  a com- 
parison of  its  final  result  with  the  Books  at  Northfield.  In  this  account 
they  have  distinguished  the  legitimate  earnings  of  the  road,  from  the  total 
earnings  represented  on  the  accounts  and  stations  books  ; for  these  books 
included  the  business  of  the  Corporation  itself  done  upon  the  Road,  under 
the  general  denominations  of  “ Earnings.”  This  business  consisted  of  the 
transportation  over  the  Central  Road,  of  iron  and  other  materials  used  for 
Construction  ; and  cannot  of  course,  with  respect  to  the  value  of  the  Road 
as  an  investment,  be  considered  as  important,  for  purposes  of  comparison, 
and  to  show  the  gain  of  subsequent  years,  it  must  of  course  be  disregarded. 
The  Committee  did  not  feel  authorized  to  deduct  the  amount  of  this  busi- 
16 


' 122 


ness  from  their  tables,  as  it  must  have  had  an  important  bearing  upon  the 
running  expenses,  and  without  assuming  an  Average  which  they  did  not  feel 
justified  in  doing,  (but  which  each  Stockholder  can  make  for  himself,)  it 
would  have  been  impossible  to  have  ascertained  the  precise  amount  to  be 
deducted ; as  the  books  and  accounts  do  not  separate  the  expenses  incident 
upon  the  transportation  of  freight  belonging  to  the  Company,  from  the 
business  done  for  other  parties. 

The  Committee  themselves  feel  confident  that  these  tables  of  earnings 
are  substantially  correct,  as  they  have  had  opportunities  of  verifying  them 
by  comparing  the  accounts  of  stations  from  which  freight  was  received,  with 
those  at  which  it  was  delivered,  (each  station  agent  keeping  accounts  of  all 
Freight  received  as  well  as  that  delivered  at  his  station)  ; and  also  by  compar- 
ing the  accounts  kept  by  this  Company  of  “ through  freight,’'  with  similar  ac- 
counts obtained  from  connecting  Roads.  The  receipts  from  passengers  are 
verified  by  comparing  the  accounts  of  ‘‘  Ticket  sales,”  rendered  by  Station 
Agents,  and  by  the  connecting  Roads,  with  the  “Passenger  Receipts,”  as  en- 
tered upon  the  Books  of  the  Chief  Clerk,  at  Northfield  ; these  two  accounts 
checking  each  other,  and  operating  as  a guard  against  fraud,  except  only 
in  case  of  collusion.  The  accounts  of  these  Agents  and  of  connecting  roads, 
however,  do  not  of  course  include  tickets  sold  for  cash  by  Conductors,  as  the 
proceeds  of  these  do  not  go  into  the  hands  of  the  Station  Agents,  but  are 
paid  over  by  the  Conductors  to  the  Passenger  Clerk  at  Northfield.  The 
Committee  have  therefore  assumed  statements  of  such  receipts  by  the  Con- 
ductors, are  correct. 

The  earnings  of  the  Central  and  Canada  Roads,  are  here  treated  together, 
as  under  the  lease  of  the  Canada,  they  constitute,  in  fact,  but  one  Road. 

The  Committee  have  included  under  one  head  the  earnings  from  July 
1st,  1848  to  July  1st,  1850,  as  the  Central  was  at  that  time  only  partially 
in  use,  and  for  these  two  years,  therefore,  the  earnings  will  form  no  reliable 
criterion  for  estimating  subsequent  increase. 

During  these  years,  the  gross  earnings  amount  to  §311,993  74. 

The  Company’s  materials  were,  during  this  time,  hauled  by  teams  from 
the  connecting  Roads,  and,  therefore,  no  deduction  is  to  be  imade  from 
these  earnings  for  “ business  of  the  Company.”  The  Directors  had  pre- 
viously made  a contract  for  the  hauling  of  these  materials  by  teams,  but  it 
occurring  to  them  afterwards  that  transportation  by  steam  over  their  road. 


123 


when  practicable,  was  cheaper  than  any  other  method,  they  cancelled  this 
contract,  paying  $6500  for  a release  therefrom. 

The  Gross  Earnings  from  July  1st,  1850,  to  July 

1st,  1851,  amount  to  . ....  $436,57249* 

Those  from  July  1st,  1851,  to  July  1st,  1852, 
were  .......  515,620  63 

From  July  1st, ’^1852,  to  July  1st,  1853,  the 
Gross  Earnings  were  .....  682,438  67 

It  will  be  perceived  that  the  ratio  of  increase  on  legitimate  business 
after  the  whole  road  was  in  use,  (the  business  done  for  the  Company  being 
omitted,)  is  as  follows: — 

RECEIPTS.  — GAIN  OVER  PREVIOUS  YEAR. 

July  1,  1850  to  July  1,  1851,  $350,072  49. 

July  1, 1851  to  July  1,  1852,  515,620  63,  about  47j  per  ct.  increase. 

July  1, 1852  to  July  1,  1853,  682,438  67  “ 32J  “ 

RUNNING  EXPENSES. 

The  Committee  find  these  expenses  to  have  been  as  follows : — 


From  July  1st,  1848,  to  July  1st,  1850, 

. . $199,132  96 

‘‘  » 1850, 

“ 1851, 

. . 291,616  82 

“ “ 1851, 

“ 1852, 

. . 612,568  64 

“ “ 1852, 

1853, 

. . 743,499  92 

$1,846,818  34 

A distinction  is  to  be  made  between  the  ‘‘  Running  Expenses,’’  properly  so 
called,  that  is  to  say,  the  expenses  of  working  the  road,  and  other  expenses, 
which  although  not  incident  to  the  working  of  the  road,  are,  nevertheless, 
chargeable  against  the  earnings:  Such  as.  Rent  paid  for  the  Canada 
Road,  and  Interest  paid  on  the  Bonds  or  funded  debt. 


*To  show  the  comparative  increase  of  traffic  upon  the  Road,  the  sum  of  $86,600  must  be 
deducted  from  this  amount,  this  being  the  charge  for  freight  of  iron  and  materials,  transported 
for  the  use  of  the  Road  itself.  ♦ 


124 


Of  this  sum  of  $1,846,818  34  the  following  sums  were  expended  during 
the  first  two  years,  viz. : — 


Interest  paid  on  Coupons,  . 

. $47,289  00 

From  July,  1850,  to  July,  1851 : — 
Interest  paid  on  Coupons,  . 

. 75,735  00 

From  July,  1851,  to  July,  1852 : — 
Interest  paid  on  Coupons,  . 

Rent  to  Vermont  and  Canada, 

. 121,972  00 

. 90,000  00 

From  July  1852,  to  July  1853  : — 
Interest  paid  on  Coupons,  . 

Rent  to  Vermont  and  Canada, 

. 210,094  50 

. 103,540  00 

The  expense  incident  upon  the  working  of  the  Road  alone,  during  the 
above  periods,  may  therefore  be  thus  stated. 

July,  1848,  to  July,  1850,  . 

“ 1850,  “ 1851,  . 

“ 1851,  “ 1852,  . 

‘‘  1852,  ‘‘  1853,  . 

$151,843  96 
215,881  82 
400,596  64 
429,865  42 

Comparing  the  earnings  of  these  years  with  the  expenses,  the  Committee 
obtain  the  following  results  : — 

Total  Earnings  in  Gross,  . 

Running  Expenses  for  working  the  Road, 

$1,946,625  53 
1,198,187  84 

The  expenses  for  working  the  Road  for  these  years,  therefore,  amount  to 
about  61  per  cent,  of  the  gross  earnings. 

From  July  1st,  1851,  to  July  1st,  1852,  the  expenses  of  working  the 
Road  were  very  much  increased  from  want  of  proper  equipment,  which,  at 
that  time,  was  insufficient  to  perform  the  business  of  the  Corporation,  and 
being  overworked,  it  was  reduced  very  much  in  its  condition  ; this  caused 
a corresponding  increase  in  repairs,  and  in  the  expense  of  running  it. 


125 


The  Incidental  Expenses  were  also  very  great  at  this  time,  owing  to  the 
additional  number  of  officers  and  clerks,  employed  in  Boston,  in  the  service 
of  the  Corporation.  And,  at  this  time,  also,  a portion  of  the  equipment, 
viz.,  to  the  value  of  $35,000  was  destroyed  by  fire. 

Since  July  1,  1852,  these  expenses  have  been  much  lessened.  The 
equipment  has  been  increased,  and  its  condition  improved.  The  expenses 
in  Boston  have  been  reduced,  and  as  the  Stockholders  will  observe  by  these 
tables,  the  “ Running  Expenses  ” have  not  increased  in  proportion  to  the 
earnings. 


ELEVENTH. 

The  future  prospects  of  the  Vermont  Central  and  Vermont  and  Canada 
Railroads  ; and  their  capacity  for  husmess. 

It  ought  not  to  be  expected  that  the  Committee  in  treating  of  the 
prospects  of  this  Company,  should  do  anything  more  than  afford  to  Stock- 
holders an  opportunity  to  predict  the  future,  by  giving  to  them  the  results 
of  their  examination  of  the  past,  and  showing  the  increase  in  the  business 
of  the  Corporation  since  its  commencement  up  to  the  present  time.  To 
form  any  reliable  estimate  upon  this  subject,  the  present  financial  condition 
of  the  Company  first  demands  consideration. 

At  the  date  of  this  Report,  it  will  be  perceived,  (page  135,)  that  the 
liabilities  of  the  Company,  including  its  Bonds,  due  in  1852  and  1§56,  are 
but  $476,169  64. 

That  it  has  assets  on  hand,  amounting  to  $632,970  37,  to  provide  for 
this  debt,  estimating  these  assets  at  a low  value,  and  not  taking  into  con- 
sideration the  claim  against  the  Vermont  and  Canada. 

The  Road  and  Equipment  still  require  additions  and  repairs,  but  the  ' 
Committee  believe  that  if  economically  applied  to  this  object,  the  surplus 
assets  will  be  found  sufficient  for  such  outlays. 

No  additional  floating  debt  need  therefore  be  created,  and  the  road  may 
be  considered  as  costing,  when  finished,  $8,500,000,  which  will  be  repre- 
sented by  its  Stock  at  $5,000,000,  and  1st  and  2d  Mortgage  Bonds 
$8,500,000. 


126 


The  gross  earnings  of  the  whole  Road  for  the  year  ending  July  1st, 
1853,  amount  to  .......  §682,438  67 

Those  of  the  previous  year  were  ....  §515,600  63 

Showing  an  increase  in  favor  of  the  year  ending  in 

July,  1853,  of . . ....  §166,818  04 

The  gross  earnings  for  the  year  ending  July,  1851,  were  §436,572  49. 

But  in  this  sum  is  included,  as  has  before  been  stated,  the  business  done 
for  the  Company  itself — which  amounted  to  about  §86,500.  This  should 
be  deducted,  therefore,  to  ascertain  the  actual  increase.  Making  this  deduc- 
tion, we  find  the  gross  earnings  for  this  year  to  be  §350,072  49. 

Showing  an  increase  in  favor  of  the  year  ending  July  1st,  1852,  over  the 
previous  year,  of  .......  §165,548  14 

Thus  the  gain  of  the  year  ending  July  1st,  1853,  over  that  ending  July 
1st,  1852,  is  about  32^  per  cent. 

The  gain  of  the  year  ending  July  1st,  1852,  over  the  previous  year, 
is  about  47^  per  cent. 

For  reasons  before  stated,  the  business  done  upon  the  road  since  its  open- 
ing, to  July  1st,  1850,  can  give  us  no  assistance  in  this  comparison,  as  the 
road  was  then  but  partially  completed. 

The  average  rate  of  increase  in  business  has  hitherto  been  much  larger  than 
that  upon  other  roads  in  this  section  of  the  country  ; for  within  the  last  two 
years,  the  earnings  of  the  Company  have  nearly  doubled.  The  business  of 
1853,  amounting  to  §682,438  67,  whilst,  that  of  1851,  was  but  §350,07 2 49. 
This  is  probably  to  be  accounted  for  by  the  fact  that  in  the  earlier  history 
of  the  Road,  much  traffic  was  diverted  from  its  legitimate  direction,  in 
consequence  of  the  want  of  proper  equipment  and  of  other  facilities  for  its 
convenient  accommodation ; which  evils  have  now  been  in  great  measure 
remedied,  and  as  these  adverse  influences  have  now  comparatively  ceased 
to  operate,  a similar  average  gain  in  future  ought  not  to  be  expected. 
Much  has  been  done  of  late,  however,  to  open  to  the  Company  new  sources 
of  profit,  by  extending  its  business  connections,  by  an  improvement  in  its 


127 


rates  of  toll,  and  by  avoiding,  to  a great  extent,  the  losses  consequent 
upon  competition.  And  there  is  room  for  a reduction  in  the  expenses  inci- 
dent to  the  working  of  the  Road. — It  would  scarcely  be  fair,  therefore,  to 
limit  the  future  prospects  of  the  Corporation  for  some  years  yet  to  come, 
to  the  average  rate  of  gain  upon  other  Railroads,  which  were  not,  at  their 
commencement,  subjected  to  the  same  difficulties  encountered  by  the  Cen- 
tral, and  have  not  now  the  advantage  of  developing  so  rapidly  the  resources 
of  a new  country. 

The  expenses  of  running  the  Road  since  July  1st,  1848,  up  to  July  1st, 
1853,  (five  years,)  average  about  61J  per  cent,  upon  the  gross  earnings 
for  the  same  period.  This  average  would  be  still  larger  should  we  confine 
the  comparison  to  the  years  1850-51  and  1852,  alone  — but  during  the 
last  two  years  unusual  outlays  for  repairs,  &c.,  have  been  made,  which 
ought  not  again  to  be  required  to  a similar  extent. 

The  running  expenses  will  not  probably  increase  in  the  same  ratio  with 
the  Receipts,  as  a considerable  portion  of  these  expenses  will  not  materially 
vary  with  the  amount  of  business  done.  Salaries,  repairs  of  Depots  and  of 
Road,  (other  than  “ track  repairs,”)  the  wages  of  the  greater  number  of 
the  operatives  employed,  except  so  far  as  the  prices  of  labor  may  vary 
from  time  to  time,  remaining  fixed  or  nearly  so.  These  items  of  expendi- 
ture upon  the  Central  and  Canada  Roads,  can  not  now  be  estimated  at  less 
than  $150,000  per  annum,  and  therefore  they  represent  more  than  one 
third  of  the  whole  expense  of  running.  ‘If  the  present  business  of  the 
Roads  should  again  be  doubled,  these  expenses  would  probably  be  but 
slightly  increased,  so  that  upon  such  aup  hypothesis,  if  100  per  cent,  were 
added  to  the  business  of  the  last  year,  the  Road  would  have  a gross  increase 
of  nearly  $1,400,000,  whilst  the  expenses  would  be  but  little  more  than 
$700,000,  or  about  50  per  cent.,  upon  the  earnings. 

This  rate  of  61 J per  cent,  upon  the  earnings,  however,  is  not  dispropor- 
tionately high  when  compared  with  the  expenses  of  other  Roads  similarly 
situated.  The  Committee  to  test  this,  subjoin  a statement  taken  from  the 
Returns -made  by  the  principal  Railroad  Companies  in  this  vicinity  to  the 
Legislature  of  Massachusetts.  It  will  be  perceived  that  but  six  (or  one 
third)  of  these  Roads  are  worked  for  about  50  per  cent,  of  their  Gross 
Earnings;  the  Expenses  of  the  remaining  twelve  varying  from  55  percent, 
of,  to  their  entire  income,  and  averaging  65  fer  cent. 


128 


“Extract  from  Annual  Reports  of  the  Railroad  Corporations  in  the 
State  of  Massachusetts,  for  1852,  to  which  is  added  an  Abstract 
OF  SAID  Returns,  prepared  by  the  Secretary  of  the  Commonwealth, 
1853. 


Western, 

Length  of  Road. 

MILES. 

. 155  . 

Earnings. 

$1,339,873  09 

Running  Expenses. 

. . $656,678  17 

Boston  and  Maine, 

74 

. 661,521  63 

. . 323,306  21 

Vermont  and  Mass.,  . 

69 

. 218,679  14 

. . 200,030  36 

New  London,  Willimantic  and 
Palmer, 

66 

. 114,410  78 

. . 123,268  32 

Norwich  and  Worcester,  . 

59 

. 267,126  98 

. . 191,434  72 

Cheshire, 

53^ 

. 287,768  60 

. . 232,501  65 

Fitchburg, 

51 

. 574,574  36 

. . 341,787  04 

Connecticut  River, 

50 

. 229,004  98 

. . 156,976  02 

Worcester  and  Nashua, 

45^ 

. 162,109  20 

. . 95,209  20 

Boston  and  Worcester, 

44^ 

. 758,819  47 

. . 427,522  68 

Providence  and  Worcester, 

43^ 

. 253,690  54 

. . 114,175  93 

Fall  River,  .... 

42 

. 229,445  37 

. . 129,855  89 

Boston  and  Providence,  . 

41 

. 429,484  34 

. . 216,858  92 

Eastern,  

38 

. 488,973  31 

. . 247,955  92 

Old  Colony,  .... 

37 

. 322.213  74 

. . 220,703  30 

Cape  Cod  Branch,  . . 

28 

60,743  33 

. . 30,687  08 

Norfolk  County,  . . . 

26 

67,251  90 

. . 43,835  93 

Boston  and  Lowell, 

26 

. 388,108  37 

. . 257,227  33 

18  Roads, 

$6,853,799,13 

$4,010,014,67 

Or  about  59  per  cent,  of  Earnings,  for  Running  Expenses. 


The  Central  and  Canada  Companies  possess  a great  advantage  over  most 
of  the  Railroads  here  mentioned,  in  respect  to. the  low  price  at  which  they 
can  procure  fuel.  The  average  amount  paid  by  them  for  fuel,  not  being 
more  than  $2,50  per  cord,  amounting  only  to  about  twelve  cents  per  mile 
run. 

The  net  earnings  over  the  running  expenses,  must  of  course  be  first 


129 


applied  to  the  payment  of  Rent  to  the  Canada  Road,  and  of  Interest  on  the 
Funded  Debt;  and  no  Dividend  can  be  realized  by  Stockholders  until  these 
be  provided  for. 

Up  to  the  date  of  this  Report,  the  Earnings  have  not  been  sufficient  to 
meet  this  Rent  and  Interest.  During  the  year  ending  July  1st,  1853,  the 
net  Earnings  were  but  $252,573  25, — deducting  from  this  sum  the  Rent  of 
the  Canada,  $103,540,  Interest  on  the  First  Mortgage  Bonds,  140,000, 
we  have  a surplus  of  only  $9,033  25,  to  meet  the  Interest  on  the  Second 
Mortgage  and  other  Bonds  outstanding,  — which  Interest,  during  the  last 
year,  amounted  to  $70,094  50. 

The  net  Receipts  of  the  Road,  therefore,  can  only  be  said  at  present  to 
pay  the  Canada  Rent,  Interest  on  the  First  Mortgage,  and  about  three-fourths 
of  one  per  cent,  upon  the  remaining  Funded  and  other  Debt  of  the  Com- 
pany. But  it  is  alleged  that  the  Expenses  for  the  past  year  have  been  un- 
usually high,  and  some  allowance  should  perhaps  be  made  on  this  account  in 
favor  of  the  Company.  Should  the  business  of  the  Road  increase  for  the 
next  twelve  months  at  the  average  rate  shown  by  a comparison  of  the  last 
two  years,  the  net  earnings  of  the  next  year  will  suffice  to  pay  this  defi- 
ciency of  interest ; and  in  that  event  there  will  probably,  (if  the  Road  be 
well  managed,)  be  no  difficulty  in  providing  for  the  Funded  Debt  in  future. 

This  is  as  much  as  ought  now  to  be  expected, — the  Funded  Debt  of  the 
Vermont  Central  Railroad  alone,  now  actually  representing  the  whole  esti- 
mated cost  at  which  the  entire  work  was  originally  to  have  been  constructed, 
and  upon  which  calculations  of  future  dividends  were  made  by  the  original 
subscribers  ! 

At  the  same  time,  however,  a reasonable  prospect  of  Dividends  is  offered 
to  Stockholders,  based  upon  the  increasing  prosperity  of  the  Road  ; these 
Dividends,  however,  ought  not  for  the  present  to  be  hoped  for,  as  the  Commit- 
tee do  not  believe  that  if  sufficient  reservations  be  made  from  the  earnings 
to  put  and  keep  the  Road  and  Equipment  in  proper  order,  any  surplus  ap- 
plicable to  Dividends  can  be  realized  for  a long  time  yet  to  come. 

Neither  should  Stockholders  anticipate  Dividends  upon  the  average  par  of 
their  Stock.  For  this  Stock  has  cost  $5,000,000  ; and  of  this  $5,000,000 
about  one  half  has  been,  as  before  stated,  actually  lost ; that  is  to  say, 
there  is  nothing  whatever  in  value  to  represent  this  outlay.  If  a deduc- 
tion  should  be  made  to  cover  this  loss,  the  par  value  of  the  Stock  would  be 
17 


130 


but  about  $25  per  share.  Each  Stockholder,  therefore,  may  fairly  con- 
sider that  one  half  of  the  average  par  of  his  Stock,  estimated  at  $50,  has 
been  sunk ; or,  in  other  words,  if  the  money  actually  paid  upon  his  Stock 
had  been  strictly  applied  to  the  construction  of  the  Road,  the  Funded  Debt 
of  the  Corporation  would  not  now,  in  the  opinion  of  the  Committee,  have 
amounted  to  much  more  than  $500,000.  Indeed  the  Committee  doubt 
whether  in  such  event  any  Funded  Debt  would  have  existed,  for  it  is  easy 
to  conceive  that  this  sum  of  $500,000  may  have  been  expended  in  addi- 
tional contributions  towards  the  construction  of  the  Vermont  and  Canada, 
and  upon  the  unfinished  work  of  the  Contractor,  Belknap,  although  the 
Committee  have  not  been  able  to  ascertain  (for  causes  heretofore  referred 
to)  whether  this  be  actually  the  case  or  not. 

Another  circumstance  having  an  unfavorable  effect  upon  the  Stock,  is  the 
high  rates  of  interest  paid  upon  the  Funded  Debt,  and  as  Rent  to  the 
Canada  Road.  This  is  readily  seen  by  taking  into  view  the  reported  cost  of 
both  Roads  together,  the  aggregate  of  which  is  about  $10,000,000.  The  net 
earnings  of  the  last  year,  being  over  $250,000,  would  have  paid  2|  per 
cent,  upon  the  whole  principal,  or  3^  per  cent,  upon  the  actual  cost  of  the 
Road,  deducting  the  $2,500,000  which  have  been  lost ; and  if  but  6 per 
cent,  per  annum  was  paid  upon  the  Canada  Road,  and  upon  the  Funded 
Debt,  these  earnings  for  the  last  year  would  have  nearly  covered  the  whole 
Rent  and  Interest. 

If,  hereafter,  the  public  confidence  in  the  prospects  and  management 
of  the  Road  be  established,  there  will  be  no  future  difficulty  in  renewing 
the  Funded  Debt,  at  the  lowest  rate  of  interest,  should  this  be  thought  ex- 
pedient, and  thus  the  Stockholders  will  become  comparatively  relieved  of  a 
burthen  from  the  pressure  of  which  they  now  suffer  severely. 

The  Committee  do  not  intend  to  depreciate  the  value  of  the  Stock,  by 
the  foregoing  remarks  ; nor  do  they  wish,  on  the  other  hand,  to  create  ex- 
pectations which  may  not  be  realized.  It  is  certainly  true,  that  if  the  busi- 
ness of  the  Road  goes  on  increasing  at  its  present  rates,  it  will  soon  be  suf- 
ficient to  pay  interest  upon  the  actual  par  of  the  Stock.  If  this  increase 
be  confined  to  the  same  rate  shown  by  other  Roads  in  this  section  of  the 
country,  (upon  which  an  average  gain  of  8 per  cent,  per  annum  upon  gross 
earnings  has  hitherto  been  considered  a standard)  interest  upon  the  full  par 
of  the  Stock  will  be  earned  at  the  time  when  the  First  Mortgage  Bonds  fall 


131 


due,  — estimating  the  Running  Expenses  at  that  time  to  amount  to  50  per 
cent,  of  the  income  then  earned.  Stockholders  have  the  same  data  with  the 
Committee,  for  estimating  whether  either,  and  which  of  these  two  hypotheses 
can  reasonably  be  entertained. 

It  must  be  borne  in  mind,  however,  that  the  future  success  of  this  Road 
mainly  depends  upon  its  careful  and  judicious  management,  and  upon  its 
through  business,  which  now  amounts  to  more  than  three-fourths  of  its  entire 
earnings ; and  therefore  it  is  most  essential  that  every  facility  be  afforded 
which  has  a tendency  to  develop  and  increase  this  branch  of  its  income. 

To  effect  this,  it  is  indispensable  that  the  Road  should  be  amply  provided 
with  suitable  equipment  and  eflBcient  Officers,  and  that  the  public  should 
feel  assured  that  their  business  will  be  dispatched  with  the  greatest 
promptness  and  regularity. 

The  Committee,  in  conclusion,  recommend  that  “ Construction  Account  ” 
be  closed  as  soon  as  practicable ; and  they  think  that  before  the  next 
Annual  Meeting  all  arrangements  necessary  to  effect  this  may  easily  be 
made. 

WM.  SOHIER, 

WM.  R.  LEE, 

ISAAC  HINCKLEY. 


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BALANCE  SHEET 


PEKMANENT  INVESTMENT, 


Construction  — 


Engineering, 

. $115,208.00 

Land  Damages, 

. 410,372.39 

Grading,  .... 

. 1,799,909.54 

Superstructure, 

. 84,661.59 

Bridging  and  Masonry,  . 

. 814,326.23 

Fencing,  .... 

42,878.88 

Iron,  

. 897,665.49 

Incidentals  of  Construction,  . 

. 1,459,988.84 

Wharf  at  Burlington,  . 

46,808.18 

Incidental  Expenses, 

42,640.86 

Interest,  .... 

. 763,957.68 

Discount  on  Bonds, 

. 528,856.18 

Depots,  .... 

. 185,155.81 

Shop  Furniture,  . 

14,646.98 

Car  Shop,  .... 

6,654.80 

BumettLzing  Ties, 

42,464.46 

Equipment  — 

Engines,  .... 

. 334,635.52 

Cars, 

. 466,995.16 

801,630.68 


Tenements  — 


14,754.13 


134 


RESOURCES. 


Cash,  $35,496.38 

Notes  Receivable,  (valued  at  $27,702.74,)  . . 13,851.37 

Stocks,  (estimated  at  present  value,)  viz. 


1846  Shares  Vermont  Central  Railroad,  33,228 
1150  “ Grand  Junction  “ 59,800 

135  “ Vermont  Valley  “ 

120  “ “ Telegraph, 

93,028.00 

Estate  of  S.  F.  Belkxap  — 

Claim  on  Ogdensburgh  R.  R.,  . . " 40,000 

500  shares  Grand  Junction  Railroad,  26,750 

66,750.00 


Estate  of  Josiah  Quincy,  Jr., 

847  Shares  Vermont  Central,  . . 15,246 

South  Shore  Railroad  Bonds  at  80  c.,  72,320 

Sundry  Mortgages,  ....  15,000 

29  Shares  Hingham  Steamboat, 

102,566.00 

313,691.75 


MISCELLANEOUS. 


Vermont  and  Canada  Railroad  account,  2,098.95 
Assessments  unpaid,  . . . 26,305.00 

Profit  and  Loss,  ....  31,504.85 

Trustees  First  Mortgage  Bonds,  . 96,652.37 

Jas.  Moore,  Superintendent,  . 3,499.51 


Second  Mortgage  Bonds,  not  issued,  $475,700. 


160,060.68 


$8,544,033.48 


135 


FUNDED  DEBT. 

Capital  Stock, 5,000.000.00 

First  Mortgage  Bonds, 2,000,000.00 

Second  “ “ 1,024,300.00 

8,024,300.00 


LIABILITIES. 


Bonds  due  in  1852  and  1856, 

. 

225,400.00 

Interest  on  Assessments,  Payable 

in  Bonds  of  1856, 

26,606.91 

Coupons,  (due  July  1,  1853,) 

43,880.00 

Individual  Accounts, 

1,534.70 

45,414.70 

Notes  Payable  — 

Due 

on  demand,  . 

20,000,00 

u 

July,  1853, 

3,300.00 

(( 

Aug.  “ . . . 

32,328.47 

(( 

Sept.  “ . . . 

32,856.13 

(( 

Oct.  “ . . . 

12,508.29 

u 

Nov.  “ . . . 

45,786.77 

u 

Dec.  “ . . . 

5,091.00 

u 

Jan.  1854, 

18,770.75 

il 

Feb.  “ ... 

11,319.00 

ll 

March  “ ... 

5,000.00 

u 

April  “ ... 

19,000.00 

(( 

June  “ ... 

8,244.41 

214,244.41 

511,666.02 

Suspense, 

8,067.46 

$8,544,033.48 


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W.  P.  PAEROTT’S  REPORT. 


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18 


P *7- 


Office  of  the  Vermont  Central  Eailroad, 
Northfield,  Vt.,  June  22d,  1853. 


W.  P.  Parrott,  Esq.,  Boston : 

Dear  Sir  : — 

The  Committee  appointed  by  the  Stockholders  of  the  Ver- 
mont Central  Bailroad.to  examine  into  the  affairs  of  their  Boad,  wish  to  avail 
themselves  of  yonr  professional  services  in  aid  of  their  investigation. 

If  agreeable  to  you,  they  wish  you  to  examine  into  and  report  upon  the  general 
character  of  the  “Road,”  as  regards  its  allignment,  mode  of  construction, 
masonry,  road  bed,  superstructure,  fences,  cars,  freight,  passenger  and  engine 
houses,  shops  and  woodsheds ; having  a view  always  to  the  adaptability  of  the 
same  to  the  requirements  of  the  “Road.” 

They  would  also  request  you  to  report  upon  the  present  condition  of  those 
elements  of  the  Road,  which  are  liable  to  depreciation,  with  a view  to  the  deter- 
mination of  their  future  value.  They  would  not  be  understood  as  wishing  an 
instrumental  survey  of  the  Road  made,  but  would  like  to  have  you  make  such 
personal  examination  as  you  may  deem  necessary  to  enable  you  to  obtain  the 
desired  knowledge. 

If  you  consent  to  act  in  this  matter,  please  commence  as'  soon  as  your  other 
business  will  allow  you,  to  make  the  examination,  and  on  advising  this  Committee 
of  your  readiness  to  begin,  they  will  see  that  all  proper  facilities  are  afforded  you. 

Very  Respectfully, 

Your  obedient  servant, 

(Signed,)  ISAAC  HINCKLEY, 


For  the  Committee. 


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REPORT 


TO  THE  COMMITTEE  OF  INVESTIOATION,  VERMONT 
CENTRAL  RAILROAD. 

The  undersigned,  in  pursuance  of  the  annexed  instructions,  having  made  the 
examination  of  the  Road,  respectfully  submits  the  following  Report.  The  exam- 
ination was  commenced  during  the  month  of  July,  1852,  and  continued  at  intervals 
until  the  month  of  October.  During  this  period,  I went  over  the  whole  Road,  and 
made  as  critical  an  examination  as  the  time  at  my  disposal  would  allow ; and  the 
results  are  made  up,  from  a comparison  with  work  upon  other  roads  of  a like 
quality,  and  from  such  other  data  as  I could  procure. 

Following  the  items  specified  in  your  letter  of  instruction,  I will  first  report 
upon  the 

Allignment  op  the  Road. 


Under  the  circumstances  of  this  examination,  and  not  having  the  aid  of  the 
plans  made  at  the  time  the  Road  was  constructed,  it  is  impossible  to  give  any 
opinion  in  relation  to  the  details  of  the  subject.  I can  report,  however,  that 
generally  the  greater  part  of  the  Road  shows  no  want  of  care  or  skill  in  this 
particular ; more  especially  the  western  part  of  the  Road  between  Waterbury  and 
Essex,  where  part  of  the  old  location  was  abandoned  and  a new  one  taken ; a 
measure  which  I doubt  not  is  advantageous  to  the  interests  of  the  Road.  The 
change  from  Winooski  to  Burlington,  a memorandum  of  which  is  annexed  in  the 
details  of  this  Report,  is  not  in  an  Engineering  point  of  view  an  improvement. 
I do  not  hesitate,  however,  to  say  that  the  general  allignment  of  the  road  is  good, 
and  will  compare  favorably  with  the  other  roads  in  New  England. 


142 


Construction  of  Road  — Road  Bed. 

The  Road  Bed  with  but  few  exceptions,  is  well  built ; the  exceptions  arising  not 
from  neglect,  but  from  the  nature  of  the  soil,  and 'the  position  of  the  cuts.  There 
is,  however,  less  of  bad  cuttings  upon  this  line,  than  upon  perhaps  any  other  line 
of  the  same  length  in  New  England.  Some  parts  of  the  Road  Bed  have  never 
been  brought  up  to  grade,  and  in  other  parts  repairs  arising  from  the  washing  of 
the  banks  by  floods  are  required. 

The  work  of  a well  manned  gravel  train  for  six  months  would  probably  do  all 
that  may  be  required  in  this  particular. 


Masonry. 

The  Bridge  Masonry,  with  but  few  exceptions,  is  of  an  ordinary  kind,  the  better 
qualities  being  generally  in  the  highest  structures.  The  detailed  “Report  of 
Bridges  ” will  show  the  position  and  state  of  the  different  structures. 

The  Culvert  Masonry  and  Walls  are  generally  sufficient  as  to  quality, 
but  many  of  the  Culverts  were  originally  constructed  with  too  small  an  ai’ea,  and 
consequently  have  been  washed  out  by  the  heavy  floods  of  rain  which  at  times 
come  down  from  the  mountains.  Some  of  these  have  been  replaced,  in  conse- 
quence of  such  accidents,  by  wooden  stmctures. 

The  expenditure  which  has  occurred  and  may  occur  again  in  repairing  these 
accidents,  may  be  without  much  risk,  provided  for  by  the  ordinary  contingent 
repairs  of  the  Road.  It  seems  to  be  more  properly  incidental  to  the  locality  of  the 
Road  than  to  any  fault  in  the  construction. 


Bridges. 

The  Bridges  are  nearly  all  well  built,  covered,  and  in  good  repair.  The 
greatest  danger  to  which  they  are  exposed  is  from  fire  ; the  most  of  them  being 
safe  from  the  accidents  of  flood.  In  this  connection,  I cannot  avoid  suggestino’ 
the  expediency  of  having  always  on  hand  a sufficient  quantity  of  timber  to  renew 
one  or  more  Bridges  in  case  of  accidents  of  this  nature.  In  my  opinion  the 
wood  work  of  the  Bridges  is  better  than  the  average  of  structures  of  the  kind 
on  roads  which  I have  examined. 


143 


Fences. 

The  Fences  for  the  most  part  upon  the  line  of  Eoad  between  Windsor  and 
Essex  Junction,  are  poor,  and  in  many  places  none  at  all.  I cannot,  from  the  data 
I have,  form  any  reliable  opinion  as  to  the  quantity  required ; as  through  the 
woods,  and  in  the  more  uncultivated  part  of  the  line,  but  little  fencing  is 
required.  As  it  is  not  an  item  of  great  importance,  I have  not  considered  it 
necessary  to  examine  it  more  closely,  as  the  deficiency  will  be  remedied  from  time 
to  time,  and  the  whole  cost  will  be  but  a small  sum  when  compared  with  the 
length  of  the  Eoad. 


Track. 

The  detaded  return  of  iron  in  the  Track,  at  the  time  this  examination  was 
made,  will  show  its  condition  at  that  time. 

By  this  it  will  be  seen  that  there  were  then  required  about  5000  bars. 

A large  proportion,  over  one-fourth  part  of  this  quantity,  is  required  between 
Northfield  and  Montpelier. 

I ha¥e  ascertained  that  this  was  a lot  of  iron  laid  down  against  the  opinion  of 
the  Engineer,  and  that  it  was  in  fact  a refuse  lot,  and  different  from  the  general 
character  of  the  iron  over  the  rest  of  the  Eoad. 

Taking  this  out  of  the  average  of  the  Eoad,  the  wear  of  the  Iron  has  not  been 
excessive,  and  it  may  be  assumed  without  much  risk  of  error,  that  the  iron  laid 
upon  this  Eoad  is  as  good  as  upon  other  Eoads  built  at  that  time. 

The  Sleepers  are  bad  throughout  the  Eoad.  Being  originally  Hemlock  and 
Spruce,  their  duration  was  but  short. 

The  whole  of  the  original  Sleepers  will  require  renewal  within  a year  from  the 
time  of  examination ; many  had  been  renewed  at  the  time  the  examination  was 
made. 


Passenger  Houses. 

With  the  exception  of  the  Passenger  Building  at  Windsor,  which  is  unnecessa- 
rily large,  the  Buildings  at  Northfield,  and  the  Passenger  House  at  Montpelier, 
the  Passenger  Buildings  are  of  a very  ordinary  construction  ; but  for  the  most  part, 
however,  sufficient  for  the  present  business  of  the  Eoad. 


144 


The  Freight  Houses  are  not  so  good  in  proportion  as  the  Passenger  Houses. 

At  Windsor,  there  being  no  Freight  Station,  the  Freight  business  is  done  in  the 
Passenger  House. 

The  Engine  Houses  now  constructing  at  Horthfield,  are  in  proportion  to  the 
magnitude  of  the  Eoad.  At  no  other  point  upon  the  Vermont  Central  is  there 
suitable  accommodations  for  Engines  or  Cars. 

The  arrangements  for  Wood  and  Water  are  generally  good,  more  especially  the 
Water,  the  supply  coming  from  aqueducts,  avoiding  the  expense  of  pumping. 

In  conclusion,  I would  briefly  recapitulate  that  with  the  few  exceptions  above 
noted  the  allignment  of  the  Road  is  good ; that  the  Road  Bed,  Masonry,  and 
Bridges,  compare  well  with  other  Roads ; that  the  Track  with  the  new  materials 
noted  in  the  return  will  be  in  good  order  ; that  the  Station  Buildings  with  the 
exceptions  above  noted,  are  generally  poor  and  of  small  value,  although  at  present' 
sufficient  for  the  business  of  the  Road. 

As  to  the  dui’ability  of  the  Road,  and  its  appurtenances,  I see  no  reason  to 
doubt  that  it  may  be  with  safety  estimated  as  safe,  in  this  particular,  as  any  road 
in  this  section  of  the  country,  making  due  allowance  for  the  extent  of  heavy 
bridging  upon  the  line. 

The  objectionable  points  upon  the  Road  Bed  noted,  are  not  greater  than  may  be 
found  on  any  other  line  of  the  same  length  in  this  section  of  the  country,  and  not 
greater  than  can  be  ordinarily  managed  by  the  track  men.  The  original  Sleepers 
were  of  bad  timber  and  bad  quality  of  a bad  kind.  AU  this  can  be  remedied 
without  great  expense,  hereafter,  so,  that  in  this  particular  there  need  be  no  appre- 
hensions that  extra  expense  will  be  incurred  in  this  item.  The  iron,  with  the 
exception  of  the  section  between  Northfield  and  MontpeHer,  above  mentioned, 
has  worn  as  weU  as  the  average  of  iron,  and  there  is  no  occasion  to  apprehend  any 
unusual  want  of  durability  in  that. 

^ The  Vermont  and  Canada  was  examined  generally ; two  points  only  especially, 
viz  . the  Bridge  at  Lamodle  River,  and  the  one  at  Missisquoi  Bay,  Lake 
Champlain.  At  both  these  points  repairs  were  being  made.  With  these  exceptions, 
the  Track  and  Road-Bed  seemed  to  be  in  good  order. 

Referring  to  the  detads  annexed  to  this  Report  for  the  particulars  of  this 
examination, 

I am,  respectfully. 

Your  obedient  servant, 

WM.  P.  PARROTT. 


EXAMINATION  OF  THE  VERMONT  CENTRAL 


RAILROAD. 


Burlington  Station,  on  the  margin  of  Lake  Champlain,  contains  an  area  of 
about  23  acres,  well  situated  with  reference  to  the  business  upon  the  Lake,  and 
the  general  local  business  of  the  place. 

The  buildings  are  chiefly  temporary  or  owned  by  private  persons  ; the  perma- 
nent buildings  being,  a Freight  Station,  150  by  40  feet,  and  an  Engine  House  of 
two  Pits  built  of  wood. 

The  Freight  Station  is  badly  located  with  reference  to  the  deepest  water,  and 
will  probably  require  removal. 

The  Tracks  have  been  laid  from  time  to  time,  as  the  then  present  busi- 
ness required,  and  will  require  further  change  when  permanent  buildings  are 
erected  for  Freight. 

A Turn  Table  is  required  at  this  Station,  the  one  now  there  being  in  a dilapi- 
dated state,  and  exposed  to  the  weather.  Taken  as  a whole  these  Station  build- 
ings and  tracks  cannot  be  considered  other  than  a temporary  arrangement  and  tho 
further  erection  must  depend  entirely  upon  the  kind  and  amount  of  business  it  is 
to  accommodate ; no  estimate  is  therefore  made  of  any  amount  for  alterations  at 
this  point,  at  the  present  time.  The  track  from  the  Station  to  the  present  Passen- 
ger Station,  is  laid  upon  a steep  gradient  of  about  100  feet  to  the  mile,  a condi- 
tion of  things  unavoidable  from  the  formation  of  the  ground.  The  allignment  of 
the  track  is  generally  good  ; some  few  points,  slightly  objectionable,  may  be  easily 
rectified  in  relaying  the  track. 

19 


146 


Passenger  Station.— There  is  at  present  no  Passenger  Station  at  Burlington, 
other  than  a building  temporarily  used  for  that  purpose.  This  building  and  the 
land  adjoining,  both  of  which  are  owned  by  the  Company,  may  be  adapted  to  the 
present  necessities  of  a Passenger  Station,  at  a comparatively  small  expense;  and 
would,  I think,  give  ample  accommodation  both  to  the  passengers  and  passenger 
equipment,  until  the  financial  condition  of  the  Boad  would  enable  it  to  erect  a 
more  substantial  and  costly  edifice. 

The  location  between  Church  street  and  the  Yergennes  Road  is  not  of  sufficient 
width,  the  bank  being  so  high,  it  cannot  be  widened  unless  bank  walls  are  built, 
which  would  be  expensive,  the  soil  being  a bad  clay. 

The  same  difficulty  of  want  of  land  occurs  at  a short  distance  beyond,  in  Pom- 
roy’s  land,  where  the  track  is  not  laid  upon  the  centre  of  the  location,  the  curve 
running  into  the  ground  on  the  outside. 

Bridge  Crossing,  at  New  Street,  over  the  track,  requires  some  additional  sup- 
port at  the  ends,  but  will  more  properly  come  into  the  item  of  ordinary  “ Repairs,” 
the  necessity  arising  from  the  sliding  of  the  slopes  of  the  cut,  which  are  of  sand 
and  clay. 

One  hundred  and  fifty  feet  from  New  Street  is  the  point  where  the  alteration  in 
the  construction  commences,  and  the  consequences  of  this  second  thought,  are  seen 
in  the  series  of  bad  curves  connecting  the  line  at  this  point  with  the  line  at 
Winooski  Village  Bridge,  f “ See  Field  Notes,  ” Location  of  Line.') 

Winooski  Village  Bridge. — Sixty  feet  above,  the  water  in  the  River. 
IRasonry  of  Isle  Mott  stone,  laid  dry.  The  west  abutment  of  this  bridge,  above 
the  bridge  seat,  is  too  poor  and  thin  to  resist  the  earth  filling,  and  has  conse- 
quently started.  I am  of  opinion  that  this  does  not  affect  the  stability  of  the 
Bridge  to  any  great  extent,  other  than  the  thrust  endways  upon  the  chords, 
which  should  be  relieved  by  cutting  out  the  stone. 

The  western  abutment  has  been  secured  with  tie  rods  and  an  earth  slope,  and  may, 
I think,  be  made  safe  should  it  start  further,  at  an  expense  not  exc-eeding  $2500. 
which  may  be  considered  as  the  maximum  contingent  expense  on  this  abutment. 
The  Eastern  abutment  has  started  more,  and  some  of  the  courses  below  the  bridge 
seat  have  cracked.  This,  however,  was  occasioned  in  this  part  of  the  abutment 
evidently  from  the  cause  of  an  unequal  bearing. 

The  beds  not  being  wrought  by  pointing  to  a sufficient  bearing  surface,  the 
stone  has  broken.  This  of  course  has  made  more  joints  and  consequently  weak- 
ened the  wall,  but  it  is  probably  sufficiently  strong,  The  portion  of  the  wall 


147 


above  the  bridge  seat  has  started  badly,  being  too  thin  to  resist  the  pressure  of 
the  bank.  In  my  opinion,  the  only  remedy  for  this,  will  be  to  remove  the  backing 
of  earth,  and  relay  the  part  of  this  wall  above  the  bridge  seat. 

Should  the  part  below  the  bridge  seat  show  hereafter  signs  of  giving  out,  there 
is  ample  room  to  apply  the  remedy  of  a revetement  wall  to  it. 

The  relaying  of  the  part  above  noted,  would  probably  require  an  expenditure 
of  $2160. 

The  Station  Buildings  at  Winooski  are  sufficient  in  size  and  in  tolerable 
order,  a small  sum  of  money  only  being  required  to  strengthen  the  foundation  of 
the  Freight  House,  which  may  be  done  out  of  the  ordinary  “ Repairs  ” expenditure. 

The  abutments  of  the  Road  bridges,  at  this  point,  are  constructed  with  stone 
taken  from  the  cut,  which  is  poor,  and  consequently  the  abutments  have  on  the 
wings  given  ‘way  and  require  some  slight  repairs ; as  however  the  main  part  which 
supports  the  bridge  stands  well,  there  is  no  need  of  any  extraordinary  repairs  at 
this  time. 

The  Pier  Bridge  over  the  Winooski  is  good  throughout.  The  abutments  laid 
dry,  the  pier  laid  in  cement,  in  a very  durable  manner,  and  may  be  classed  as 
first  rate  masonry. 

The  Bridge  at  Hurlgate,  over  the  same  river,  is  in  good  order  in  every  part 
except  the  Western  abutment,  which  has  started  a little  outward ; this  may  be 
secured  by  putting  bolts  through,  as  at  the  Winooski  Village  Bridge,  and  by 
removing  the  filling  of  earth  and  substituting  rubble  stone.  Estimated  cost,  $350. 


The  Road  Bed  from  Burlington  to  Essex  Junction  is  good,  and  with  the 
exception  of  some  ditching,  which  could  be  done  by  the  road  hands  in  the  ordinary 
course  of  the  work,  with  the  assistance  of  a gravel  train  occasionally,  the  Road 
bed  may  be  put  in  perfect  order. 

Bradley  Road  Bridge. — Masonry,  Isle  Mott  Stone,  good. 

Bradley  River  Bridge,  over  tbe  Winooski.  Rubble  masonry  laid  in  mortar ; is 
very  ordinary  work  both  in  material  and  workmanship,  but  has  not  started  to  any 
great  extent ; Eastern  abutment  cracked  and  requires  dowelling,  otherwise  good 
of  the  kind  (which  is  bad.)  Bridge  good. 


148 


WiLLiSTON  Station  Buildings.  — Sufficient  both  in  size  and  quality,  and  in 
good  order.  Water  and  wood  station.  Water  supplied  by  aqueduct. 

Chittenden  Bridge. — Masonry  similar  to  that  in  the  last  described  bridge  ; 
has  not  started  to  any  extent.  Bridge  good. 

Station  at  Bichmond. — Consists  of  a large  and  eligible  lot  of  land,  with  good 
Passenger  Station.  Freight  House,  Water  House,  Wood  Shed,  and  an  Engine 
House,  with  a pit  and  Turn  Table ; with  sufficient  side  tracks  to  allow  the  trains 
to  pass  one  another  at  this  point. 

Between  this  Station  and  Jones’  Station,  and  to  a point  about  half  a mile 
beyond,  the  embankment  was  washed  out  in  three  places  in  June  last,  in  conse- 
quence of  a heavy  rain  in  the  mountains  ; raising  three  small  streams  joining  the 
Winooski  on  its  right  bank.  These  three  points  are  now  undergoing  repairs,  and 
the  water  courses  are  to  be  enlarged  to  meet  the  exigency  should  it  occur  again. 
The  former  water  courses  were  of  course  not  large  enough,  but  the  flood  was  an 
unusual  one,  and  the  quantity  of  water,  far  greater  than  the  streams  would  carry 
in  the  ordinary  freshets,  this  being  one  of  a character  not  usually  experienced  in 
this  vicinity. 

Bennet’s  Brook  washed  out  at  the  same  time.  Same  abutments  required  as 
at  Jones’. 

Eidley’s  Brook. — Same. 


Bolton. — Water  and  Flag  Station,  but  the  business  does  not  require  any  Pas- 
senger or  Freight  Buildings. 

Below  the  break  at  Eidley’s  brook,  another  break  occurred  some  time  since, 
which  was  repaired  with  a wooden  culvert  not  wide  enough  to  admit  of  the  con- 
struction of  a stone  one  inside  ; an  oversight,  as  in  three  years  more  another  will  be 
required. 

Bolton  Bridge. — Masonry,  rubble  laid  in  mortar;  one  piece  is  good,  another 
has  started  a little  ; abutments  good,  general  character  of  the  masonry  good  of  the 
kind.  Bridge  good. 

The  Eoad  Bed  from  Bolton  Bridge  to  Falls  Hill  is  good.  The  curve  at  the 
cut  in  the  hill  requires  rectifying. 


149 


Waterbury  Bridge. — Masonry  for  double  track,  is  in  good  order,  bridge  built 
on  a curve,  is  in  good  order,  once  set  on  fire.  Watchman  stationed  here  now. 

Waterbury  Station. — Buildings  sufficient  and  in  good  order.  The  arrange- 
ments for  the  accommodation  both  of  Freight  and  Passengers  is  good,  and  there  is 
room  for  extension  of  side  tracks  when  required  at  this  important  point. 

From  Burlington  to  a point  two  miles  East  from  Waterbury  the  allignment  and 
location  of  the  Road  is  excellent.  In  my  opinion  there  is  no  question  that  the 
abandonment  of  the  old  location  and  the  work  done  upon  it,  was  a judicious 
measure.  From  the  point  above  mentioned  to  Middlesex,  the  line  is  very  crooked 
and  carried  over  a rough  country,  cutting  through  several  ledges  and  encountering 
bad  side  hill  cuttings.  The  worst  point  is  at  Slip  Hill,  where  the  cutting  is  in 
clay  mixed  with  sand,  which  will  increase  the  cost  of  maintenance  upon  this  sec- 
tion for  several  years  to  come.  It  requires,  however,  no  special  expenditure,  other 
than  an  extra  force  of  section  men  from  time  to  time. 

Middlesex  Station. — In  good  order,  Passenger  and  Freight  buildings  sufficient. 
Water  and  Wood  buildings  same. 

Montpelier  Station  Buildings. — New,  being  at  this  time  not  completed. 
They  are  of  a size  and  style  of  construction  suitable  to  the  locality. 

Montpelier  Junction. — Wood  and  water  Station.  No  Turn  Table,  or  means 
of  changing  the  engine  working  on  the  branch. 

Dog  River  Bridge,  No.  6. — Skew  bridge  ; masonry  coursed ; rubble  masonry  for 
double  track  ; the  south  abutment  has  been  rebuilt ; the  tressels  used  at  the  time 
still  remain  under  the  bridge ; the  bridge  requires  some  additional  strength  in  tim- 
ber and  iron  to  make  it  durable. 

Dog  River  Bridge,  No.  5. — Abutment,  east  side,  slate  rubble  ; west,  granite, 
in  good  order. 

No.  4. — East  side  abutment  rubble  slate,  west  side  granite ; bridge  in  good  order. 

No.  3. — Coursed  rubble  masonry ; bridge  in  good  order,  except  covering  which 
requires  some  slight  repairs. 

No.  2. — Abutments  coursed,  laid  dry  ; bridge  in  good  order. 


150 


The  Station  Buildings  at  Northfield,  having  been  to  a large  extent  destroyed 
by  fire,  previous  to  this  examination,  are  not  included  in  this  “ Report.”  Having 
examined  the  proposed  plans  for  the  buildings  to  be  erected,  in  my  opinion  they 
will  be  sufiicient  for  the  purposes  of  the  “ Road.” 

Elbow  Bridge. — The  first  bridge  was  carried  away ; a timber  bridge  has  been 
erected  upon  the  former  abutments.  This  bridge  cannot  be  considered  so  perma- 
nent a structure  as  the  larger  part  of  the  Bridges  upon  the  “ Road.” 

Harlow  Bridge. — Dry  coursed  rubble  ; masonry  in  good  condition;  crosses 
both  the  river  and  highway.  Bridge  in  good  order ; the  road-bed  to  this  point  is 
good. 

Randall  Road  and  River  Bridge. — Rubble  stone,  laid  in  mortar,  in  ordinary 
repair.  The  Road-bed  over  this  distance,  not  in  perfect  order,  but  generally  good. 

Roxbury  Station. — Passenger  House  good ; Freight  House  temporary  ; Wood 
and  Water  Sheds  in  good  repair. 

Bridges  over  Highway  and  Stream  near  Cushing’s  Mill. — Masonry  of 
ordinary  rubble  masonry ; bridges  in  good  order. 

The  Road-bed  requires  gravel  from  two  miles  below  Roxbury  to  Braintree 
Station. 

Braintree  Station. — Buildings  for  wood  and  water,  but  no  passenger  or 
freight  buildings. 

Braintree  Bridge  over  White  River. — Masonry,  dry  rubble.  Skew 
Bridge  with  plank  arch,  and  in  good  repair ; backing  of  masonry  in  bad  order. 

Bridge  over  Branch  of  White  River. — Dry  rubble  masonry,  in  good 
order  for  the  kind ; skew  bridge,  in  good  order. 

Randolph  Station.— Good  Passenger, ^^Freight,  Wood  and  Water  Buildings, 
with  good  provision  of  side  tracks. 


Bethel  Bridge. — In  good  order. 

Bethel  Station.— Passenger  and  Freight  Houses,  in  good  order.  Temporary 
Engine  House  and  Turn-table,  Wood  and  Water  Buildings  in  good  order. 


151 


To  the  east  of  Bethel,  we  examined  the  Road-bed  at  Blue  Hill ; this  is  similar 
in  character  to  the  one  before  noted,  at  Slip  Hill ; and  requires  the  same  care 
and  expenditure  by  increasing  as  required  the  force  of  Section-hands. 

Royalton  Bridge. — Coursed  ; rubble  laid  dry.  The  timber  of  the  bridge  is 
lighter  than  usual  in  other  bridges,  and  may  require  to  be  strengthened  as  it  grows 
older. 

Royalton  Station. — Passenger  and  Freight  Houses  sufficient  for  the  present ; 
but  the  lot  of  land  is  small. 

Long  Bridge  at  Royalton. — Masonry  coursed  rubble ; good  stone  but  not 
well  laid  ; some  of  the  stone  in  the  piers  have  been  cramped  with  Iron.  Bridge 
in  good  order. 

South  Royalton  Station. — Station  Buildings  sufficient  and  in  good  order. 

Sharon  Freight  and  Passenger  Station,  in  one  building.  Wood  and 
water  shed  out  of  repair,  all  the  buildings  at  this  Station  are  in  bad  repair. 

Sharon  Bridge. — Abutments  rubble,  piers  coursed  ; Bridge  and  Masonry  in 
good  order. 

West  Hartford  Passenger  and  Freight  Buildings  are  in  one.  Wood  and 
water  Station.  The  lot  of  land  for  Station  Buildings,  &c.,  at  this  Station  is 
small. 

Bridge  over  White  River. — Masonry,  cut  stone,  laid  dry,  in  good  order. 
Bridge  has  been  strengthened  with  posts  and  arches,  is  now  in  good  order. 

Woodstock  Station. — Passenger  and  Freight  Buildings  together. 

White  River  Vii-lage. — Passenger  and  Freight  Houses.  Sheds  for  water 
and  wood. 

White  River  Junction. — Passenger  House  in  poor  order. 

Queeche  River  Bridge. — Masonry,  cut  stone,  laid  dry.  Bridge  in  good 
order. 


Hartland  Flag  Station. — Passenger  and  Freight  Buildings  in  one. 


Hartland. — Water  Station,  no  wood.  Passenger  and  Freight  accoramodations 
sufficient ; sufficient  side  track. 

Lull’s  Brook. — Cut  stone,  laid  dry,  in  good  order. 

Windsor  Engine  Station. — One  Track,  Turn-Table  poor.  Passenger  and 
Freight  Station  together.  The  Passenger  rooms  are  large  and  the  building 
intended  for  the  accommodation  of  a large  Passenger  business.  It  is  not  suited 
for  the  present  business  of  the  Boad. 

V 

WM.  P.  PARROTT. 


For  the  annexed  tables  I am  indebted  to  Mr.  Campbell,  the  Superintendent  of 
the  track.  In  an  estimate  of  iron  we  varied  but  slightly,  his  estimate  in  the 
table  being  a little  in  excess. 

In  the  other  tables  the  lengths  and  portion  of  the  side  tracks,  bridges,  &c.,  are 
far  more  correct  than  I could  pretend  to  give  from  my  own  means  of  knowledge. 


153 


List  of  Bridges  on  Vermont  and  Canada  Railroad. 


Name  of  Bridge. 


Rouse’s  Point  Boat  Bridge, 
Rouse’s  Point  Deck  Bridge, 
Missisquoi  Bay  Bridge,  


Charcoal  Creek  Bridge, 

Bullard’s  Farm  Bridge, 

Gadcomb’s  Farm  Bridge,  . . , 

Jewett’s  Farm  Bridge, 

Campbell’s  Farm  Bridge,  . . , 
St.  Albans  Highway  Bridge, 

Merritt’s  Brook  Bridge, 

Mai'tin’s  Farm  Bridge, . . . . 

Lamoille  River  Bridge,  

Mallett’s  Creek  Bridge, 

Orvill  Clark’s  Bridge,  


How  Constructed. 


Piles  and  Stringers,  . . . 
Wooden  Piles  and  Piers, 


Wooden  Piers, 

Stone  Ab’t  and  Truss, 


Burr  Deck, 

Piles  and  Stringers, 
Piles,  Stringers,  and 
Stone  Abutment,. . 


43 


Feet, 


16 

101 

40 

26 

15 
57 
36 
40 
26 

16 
165 

12 

26 


Whole  length  of  Bridge  on  Vermont  and  Canada  Railroad, 


Feet, 

301 

3800 

4300 

240 

26 

15 
57 
36 
40 
26 

16 
720 

48 

104 


9729 


Remarks. 


Under  repair  at  the  time 
of  examination. 


Masonry  bad,  Br.  good. 
Lito  road  crossing. 


List  of  Bridges  on  Vermont  Central  Railroad. 


Name  of  Bridge. 


Winooski  Village  Bridge, 


Winooski  Pier  Bridge, 


Winooski  Hurlgate  Bridge,  . . . . 

Bradley’s  Mill  Bridge, '. . . . 

Winoooski  Bradley  Bridge, .... 

Clark’s  Farm  Bridge, 

Winooski  Chittenden  Bridge, . . 


Road  Bridge  in  Meadow, 
Winooski  Bolton  Bridge, 


How  Constructed. 


Burr  Deck, 


Burr  Deck,  . . 


Burr  Deck, 

Truss,  Stone  Abutment, 
Burr  Deck, 


Stone  Abt. ; Stringers,. 
Burr,  Covered,  


Stone  Abt.;  Stringers,. 
Deck,  Burr, 


Road  Bridge  in  Bolton, Abt.  and  Stringers, 

Winooski  Waterbury  Bridge, . . . Burr,  Covered,. . . . 


Waterbury  Highway  Bridge,  . . . 

Middlesex  Highway  Bridge, 

Jewett’s  Cov’d  Br.  ov’r  Winooski, 


Truss,  Stone  Abt. 

u u u 

Burr,  Covered,. . . 


150 


143 

170 

23 

200 

18 

150 

20 

142 


16 

150 


46 

32! 

125! 


Remarks. 


Feet. 

300  Abutments  settled,  owing 
to  the  stone  not  having 
a fair  bearing ; has  been 
repair’d  tosomeext’nt; 
will  require  an  expend 
iture  of  not  less  than 
$500  to  make  it  durable. 
286  Substantially  built,  and 
in  good  condition. 

170 

23  Bridge  good. 

400,  Bridge  good  ; Masonry 
I settled. 

18, Good  order. 

600, Masonry  for  d’ble  track; 
Bridge  good. 

20! 

426  Bridge  good ; Masonry,  in 
general, good;  one  Pier 
started  ; has  been  se 
cured  with  iron  ci  ’mps. 
16  Good  order. 

450  Masonry  for  d’ble  track, 

I both  Abuts. ; Masonry 
I in  good  order. 

46  Good. 

32  Good. 

250  Masonry  and  Bridge  good 
I in  all  respects ; Mas’nry 
for  double  track. 


20 


154 


List  of  Bridges  on  Vermont  Central  Railroad — (Continued.) 


How  Constructed. 

No.  of  Spans. 

Length  of  Span. 

1 

1 Burr,  Covered, 

2 

Feet.^ 

1171 

(1  ii 

1 

110 

a (( 

1 

157 

(i  u 

1 

1101 

“ “ 

1 

110 

“ Deck,  

1 

110 

“ Covered, 

1 

110 

“ Deck,  

1 

110 

((  U 

1 

122' 

U 

2 

144 

Truss  “ 

1 

50 

How  “ 

1 

108 

Stringers,  . , . 

1 

33 

Burr,  Covered, 

1 

70 

Stiingers, 

1 

23 

“ 

1 

26 

Open  Truss, 

1 

33 

Burr,  Covered, 

1 

114 

Truss, 

1 

32 

U 

1 

20 

Truss  and  Stone  Abt.  . 

2 

46 

Bmr  Deck,  

1 

132 

Truss, 

1 

20 

How  Deck,  

1 

193 

H U 

1 

150 

How  Covered, 

1 

165 

String  Bridge, 

2 

40 

How  Covered, 

1 

108 

Truss  Deck,  

1 

56 

Bun-  Deck,  

4 

150 

Truss, 

1 

33 

Burr  Deck, ; 

2 

150 

Trass, 

1 

51 

“ 

1 

50 

‘‘  

1 

16 

“ 

1 

54 

“ 

1 

24 

a 

1 

86, 

How  Deck, 

*4 

150 

Burr  “ 

1 

165 

Strin^rs, 

4 

30 

How  Deck,  

3 

110| 

Trass 

1 

24 

I Burr  Deck,  

1 ^ 

1 

165 

Name  of  Bridge. 


Branch  Bridge,. 
No.  6 


No.  5, , 
No.  4, 
No.  3, 
No.  2, 
No.  1, 


El  Boir  Bridge,  Dog  River, 


Harlow  River  Bridge, 

Randall  Bridge,  Road  crossing, . 
Randall  Bridge,  Dog  River,  . . . 

String  Stone  Abutments,  

Cushing  Br.  over  Public  Road, . 

Bridge  over  Dog  River, 

Bridge  over  Dog  River, 

Truss  Bridge  over  Mill  Race,  . . 
Brainti-ee  Bridge,  


Thayer’s  Farm  Bridge, 

Thayei-’s  Farm  Bridge, 

String’s.  & Tniss  Br.,  MTiite  Riv. 
Bridge  over  Branch  White  Riv. . 

Highway  Bridge  at  Bethel, 

Bridge  over  Branch  White  Riv.  . 

Bridge  over  Branch  White  Riv. . 
Preston  Br.  ov.  Branch  Wh.  Riv. 

Hatch  Brook  Bridge, 

North  Royalton  Bridge,  . . . 


Highway  Bridge,  Royalton, 

South  Royalton  jBr.,  ‘White  Riv. . 

Highway  Bridge, 

Marsh  Bridge,  White  River, 


Marsh  Highway  Bridge, 

Marsh  Highway  Bridge, 

Sharon  Bridge,  

Highway  Bridge, 

Open  Bridge  over  Brook,  

Highway  Bridge, 

Dickenson’s  Bridge,  White  Riv.. 

Queeche  River  Bridge,  

F arm  Bridge  over  Road, 

Lull’s  Brook  Bridge, 


110 


157 


110 

110 


110 

110 

122 

288 

53 

108 

33 

70 


32 

20 

92 

132 

20 

193 


Feet. 

234  In  good  order;  Masonry 
very  good. 

In  good  order;  Masonry 
very  good. 

Skew  Br, ; Mason’y  good ; 
Br.  good;  Foundations 
not  sufficiently  deep 
below  the  Frost. 

Br.  good;  Masonry  fair; 

Foundations  as  above. 
Br.  good ; Masonry  poor ; 
Foundations  as  above. 
llOlMasomy  and  Br.  good; 
Foundations  as  above. 
Masoniy  and  Br.  good; 

Foundations  as  above. 
Masonry  and  Br.  good; 

Foundations  as  above. 
Wooden  Br.,  replacing 
large  Culvert. 

In  good  condition. 
Ordinary  repair.  ' 
Ordinary  repair. 

I Rub.  ;'Mason’y  ord’ry ; 
) Bi-idges  in  good  repair. 
23!  Ordinary. 

26|  Ordinary. 

33  Ordinary. 

114  Masonry  ordinary ; 
in  good  repair. 
Ordinary. 

Ordinary. 

Ordinary. 

Masonry  ordinary  ; 

in  good  order. 
Ordinary. 

Masonry  and  Bridge  in 
good  order. 


Br. 


Br. 


Mill  Brook  Bridge, 

Whole  No.  of  Feet  of  Bridge, 


150 

165 


108j  Covered  Rubble,  dry  ; 

I Bridge  light  timbered. 
56,  Ordinary. 

600, Covered  Rubble;  Bridge 
I in  good  order. 

33  Ordinary. 

300  Bridge  and  Masonry  m 
I good  order. 

51;  Ordinary. 

50j  Ordinary. 

16,  Ordinary. 

54 1 Ordinary. 

24  Ordinary. 

86!  Ordinary. 

650;  Good  order. 

165  Cut  St.  dry;  good  order. 
Ordinary’. " 

Cut  St.  “dry;  good  order. 
Ordinarv.  * 


120 

330 

24 

165 


•8661 


* kito  Road  crossing. 


155 


Track  Memorandum^  Vermont  Central  Railroad. 


Name  of  Section. 

Length 

of 

Section. 

Number 

of 

Defective 
Rails 
on  Track. 

Number 

of 

New 
Rails 
put  in. 

Number 

of 

New 

Sleepers 

wanted. 

Number 

of 

New 
Sleepers 
put  in. 

Section 

9. 

Burlington  to  Winooski, 

Miles. 

4 

282 

1,277 

it 

10. 

Winooski  Depot  to  Essex, 

5 

20 

*4 

1,500 

40 

ii 

11. 

Essex  to  Chittenden  Bridge, 

Chittenden  Bridge  to  Jones’, 

Jones’  to  Pine  Hill,  

6 

217 

13 

3,648 

150 

ii 

12. 

6 

86 

6 

4,990 

140 

U 

13. 

6 

100 

1 26 

1,500 

400 

U X' 

14. 

Pine  Hill  to  Waterburv, 

6 

500 

77 

1,200 

312 

ii 

15. 

Waterburv  to  Middlesex, 

6 

300 

124 

2,000 

350 

ii 

16. 

Middlesex  to  Montpelier  Junction,  . . 

6 

261 

80 

4,367 

100 

it 

17. 

Montpelier  to  Eock  Cut, 

6 

823 

80 

9,431 

350 

ii 

18. 

Rock  Cut  to  Northfield, 

6 

494 

100 

7,100 

600 

ii 

19. 

Northfield  to  Stake  in  Roxbury,  .... 

6 

100 

97 

9,500 

1,100 

ii 

20. 

Roxburv  to  Brush  Mills, 

6 

230 

211 

10,342 

543 

ii 

21. 

Brush  Mills  to  Stake  in  Braintree,  . . 

6 

195 

200 

9,350 

300 

ii 

22. 

Braintree  to  Randolph,  

6 

150 

197 

11,175 

540 

ii 

23. 

Randolph  to  Bethel, 

6 

273 

75 

10,154 

1,838 

i 

24. 

Bethel  to  Royal  ton, 

6 

250 

154 

10,708 

866 

ii 

25. 

Royalton  to  Sharon, 

6 

75 

163 

8,455 

3,531 

ii 

26. 

Sharon  to  West  Hartford, 

6 

256  . 

30 

8,082 

5,500 

ii 

27. 

West  Hartford  to  Hartford,  

6 

138 

9 

6,528 

2,640 

a 

28. 

Hartford  to  Hartland, 

6 

110 

19 

1,600 

342 

a 

29. 

Hartland  to  Windsor, 

6 

100 

19 

1,675 

342 

* 

4960 

1674 

124,552 

19,984 

Side  Tracks  on  Vermont  and  Canada  and  Vermont  Central  Railroads. 


Name  of  Station. 

No.  Side  Tracks. 

Length  in  Feet. 

No.  Frogs. 

No.  Switches. 

Condition. 

Side  Tracks  on  Brit^e,  West  Alburg,. . 

4 

6,200 

10 

10 

Good  order. 

Side  Tracks,  North  Engine  House,  .... 

4 

1,602 

3 

3 

Good  order. 

Triangle,  West  Alburg, 

2 

1,386 

4 

3 

Wants  enlarging  and  grading  up. 

Side  Track,  Missisquoi, 

2 

774 

2 

2 

Wants  grading  up. 

Side  Track,  S wanton, 

3 

1,944 

4 

4 

In  good  order. 

Lime  Kiln  Track,  Gadcomb’s  Cut,  .... 

1 

340 

1 

1 

In  good  order. 

Gravel  Pit  Track,  Jewett’s  Bridge, 

1 

460 

1 

1 

In  good  order. 

Side  Tracks,  St.  Albans, 

3 

3,330 

6 

5 

In  good  order. 

Side  Track,  Georgia, 

1 

504 

1 

1 

In  good  order. 

Side  Tracks,  Milton, 

2 

1,206 

3 

3 

In  good  order. 

Side  Track,  Colchester, 

1 

540 

1 

1 

Wants  correcting  and  grading  up. 

Side  Track,  Essex, 

1 

2,000 

• 2 

2 

In  good  condition. 

Gravel  Track,  Alburg, 

1 

2,664 

1 

1 

In  good  condition. 

Gravel  Track,  Swan  ton, 

2 

1,620 

2 

2 

In  good  condition. 

Gravel  Track,  St.  Albans, 

1 

846 

1 

1 

In  good  condition. 

Gravel  Track,  Georgia, 

1 

720 

1 

1 

In  good  condition. 

Burlington  Passage  Station, 

1 

396 

1 

1 

In  good  condition. 

Burlington  Wharf,  

8 

5,840  ! 

10 

9 

In  good  condition. 

Essex  Junction, 

2 

1,322 

7 

5 

In  good  condition. 

Side  Track,  Williston, 

1 

570 

1 

1 

Poor  iron;  Track  wants  coiTCcting. 

Side  Track,  Richmond, 

3 

2,052 

7 

5 

In  good  condition. 

Side  Track,  Jones’, 

1 

468 

1 

1 

Poor  iron ; wants  cor’g.  and  grad’g. 

Side  Track,  French  Ledge, 

1 

336 

1 

1 

Poor  iron. 

Side  Track,  Bolton  Station, 

1 

1,170 

1 

1 

Poor  iron. 

Side  Track,  Falls  Hill, 

Carried  forward, 

1 

390 

1 

1 

Poor  iron. 

156 


Side  Tracks  on  Verm.  ^ Can.  and  Verm.  Cent.  R.  R. — (Continued.) 


Name  of  Station. 

No.  Side  Tracks. 

Length  in  Feet. 

No.  Frogs. 

No.  Switches. 

Condition. 

Brought  forward, 

Side  Track,  Waterburv, 

3 

2,240 

6 

5 

In  good  condition. 

Side  Track,  Slip  Hill, 

1 

296 

1 

1 

Poor  iron. 

Side  Track,  Middlesex, 

2 

1,368 

3 

3 

In  good  condition. 

Side  Track,  Montpelier  Junction, 

1 

300 

2 

2 

Poor  iron. 

Side  Track,  Montpelier  Branch, 

1 

1 

Montpelier  Station, 

*3 

1,336 

5 

3 

In  good  condition. 

Gravel  Train  Track,  Montpelier  June. . 

1 

540 

1 

1 

Poor  iron. 

Side  Track,  Falls  Village, 

1 

360 

1 

1 

Poor  iron. 

Side  Track,  Northfield, 

Side  Track,  Eoxbury, 

13 

26,288 

39 

30 

In  good  condition. 

2 

I 972 

4 

3 

In  good  condition. 

Side  Track  Sandusky, 

1 

1 666 

2 

2 

Poor  iron. 

Side  Track,  Braintree, 

Side  Track,  Randolph, 

1 

1 918 

1 

2 

Poor  iron. 

2 

1 2,384 

6 

4 

In  good  condition. 

Side  Track,  Bethel,  

2 

1 1,350 

3 

3 

In  good  condition. 

Side  Track,  Royalton, 

1 

414 

1 

1 

Wants  correcting. 

Side  Track,  South  Royalton, 

1 

1,850 

2 

2 

In  good  condition. 

Side  Track,  Sharon, 

1 

702 

1 

1 

Wants  correcting;  poor  iron. 

Side  Track,  West  Hartford, 

1 

712 

2 

2 

Poor  iron. 

Side  Track,  Woodstock, 

1 

900 

2 

2 

Poor  iron. 

Side  Track,  White  River  Village, 

1 

954 

2 

2 

Good  condition. 

Side  Track,  White  River  Junction,  . . . 

3 

3,281 

10 

6 

Good  condition. 

Side  Track,  North  Hartland, 

1 

540 

2 

2 

Good  condition. 

Side  Track,  Hartland, 

1 

918 

2 

2 

Good  condition. 

Side  Track,  Hartland, 

1 

216 

1 

1 

Good  condition. 

Side  Track,  Windsor, 

4 

2,786 

8 

7 

Wants  new  ties. 

90,971 

181  1 

155 

“ Extract  from  Note  Book'' 
Location  of  'present  Line. 


Station  0. 


Curve  5°  R. 

440  feet  to  Station, 

4+40 

4+40 

“ 5°  L.  1,760  “ 

22. 

22 

“ 4°  L. 

600  “ 

28. 

28 

“ 4°1'L. 

34.66 

34.66 

St.  . 

962  ..  . 

44.28 

44.28 

Curve  4°  R. 

. 

60 

60 

St.  S.  46°  17'  W. 

. 

62.60 

62.60 

Curve  3°  L. 

. 

70+70 

70+70  St.  S.  22°  W. 

. 

77+40 

77+40  Curve  6°  R. 

. 

99+34 

99+34  St.  N.  26°  17'  W. 

. 

105 

105 

Curve  3°  R. 

. 

106 

106 

Straight 

. 

107 

107 

Curve  3°  L. 

\ 

. 

109 

109 

Straight 

. 

109.60 

109.60 

3°  14'  R. 

. 

115.66 

115.66  Straight  . 

. 

124  heel  of  switch. 

127  end  of  lino. 

158^ 


Grades  from  Station  0,  Winooski  River  Bridge  to  Wharf. 


Diff. 

Height. 

Station  0. 

55.00 

34.66 

1.90  perch 

3466 

63.17 

118.17 

34.66 

622 

11.83 

130.00 

40.88 

502 

0.00 

130.00 

45.90 

1.90  perch. 

5105 

97 

33.00 

96.95 

605 

0.00 

33.00 

103 

Descent  1.90  per  ch.  to  Wharf. 

*•  Extract 

(42d  Page) 

John  Newell’ 

s Book. 

APPENDIX. 


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IK' 


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Mid 


TABLE  I 


EXPLANATION  OF  THE  FOLLOWING  ACCOUNTS  RELATING  TO 
THE  VERMONT  AND  CANADA  RAILROAD. 


RENT  ACCOUNT. 

The  payment  of  Rent  to  tlie  Vermont  and  Canada  Railroad  Company  commenced 
on  the  1st  of  December,  1849,  according  to  the  terms  of  the  Lease,  and  was  to  be  paid 
by  the  Vermont  Central  Railroad  Company  semi-anniially.  Tliese  semi-annual  pay- 
ments not  having  been  made  promptly  during  the  first  two  years,  interest  is  estimated 
upon  them  in  the  Table  annexed. 


LOAN  ACCOUNT. 

The  next  account  represents  monies  loaned  to  the  Vermont  and  Canada  Railroad 
Company  by  the  Vermont  Central  Railroad  Company,  of  which  no  entry  was  made 
in  the  Ledger  account  of  the  latter.  For  a portion  of  these  loans  repayment  was  made 
by  passing  to  the  Vermont  Central,  sundry  notes  on  time,  charging  the  amount 
represented  on  their  face  as  cash.  As  the  Vermont  Central  Railroad  Company  Avere 
obliged  to  have  these  notes  discounted,  in  order  to  realize  the  sums  loaned  to  the 
Vermont  and  Canada,  the  discount  so  jiaid  is  deducted  from  the  face  of  the  notes,  and 
the  latter  Company  is  credited,  in  the  account  here  presented,  with  the  cash  proceeds 
of  the  notes.  No  interest  having  been  alloAved  by  the  Vermont  and  Canada  Company 
upon  these  loans,  such  interest  is,  in  the  annexed  table,  charged  against  that 
Company. 


ASSUMED  LIABILITIES. 

This  account  represents  certain  Notes  due  from  the  Vermont  and  Canada  Company 
to  sundry  persons,  which  that  Company  were  unable  to  meet.  The  Vermont  Central 
Company  assumed  the  payment  of  these  Notes,  many  of  which  liad  been  sometime 
due,  and  upon  such,  interest  and  expenses  of  protest  were  paid.  For  these  assumed 
liabilities,  the  Vermont  and  Canada  Company  transferred  to  the  Vermont  Central 
Company,  in  repayment,  3875  Shares  of  Stock,  at  par  value,  in  exchange  for  a similar 
amount  in  Vermont  and  Canada  Company’s  notes,  namely,  $387,500.  In  the  I able 
here  presented,  the  interest  and  expenses  paid  by  the  Vermont  Central  Company 
upon  the  overdue  notes,  is  made  a charge  against  the  Vermont  and  Canada  Company, 
deducting  the  discount  allowed  on  Notes  paid  before  they  matured ; and  lliat  Company  is 
also  charged  with  interest  upon  the  advances  made  for  them,  unlil  the  same  were, 
repaid  to  the  Vermont  Central  Company.  "The  Stock  charged  the  latter,  at  par,  is 
here  credited  to  the  Vermont  and  Canada  Company  at  the  rate  it  sold  lor. 

The  Balances  due  upon  all  the  above  name<l  Accounts,  are  carrieil  to  the  (reneral 
Account,  next  succeeding,  under  date  of  July  1st,  1852. 

A 


TABLE  1.  — (Continued.) 


o 


Dr.  Vermont  and  Canada  Railroad  Company^  in  Rent 


1851. 
Jan.  5, 


To 


“ 16,  “ 


June  1,  “ 

“ 1,  “ 


Cash,  per  Treasurer, 

U li 


Balance  of  Interest, 

“ of  Account  carried  doTvn 


1851. 
.July  2, 
8, 

“ 19, 
Nov.  20, 
Dec.  8, 


J-X, 
18, 
1852. 
Jan.  7, 
Mar.  10, 
June  1, 


1, 

1, 


To  Cash,  per  Treasiu'er, 

U ii  ii 

ti  ii  a 

(;  U U 

u u 

a fcb  u 


U ii  u 


“ Balance  of  Interest  to  credit,  . . 

“ Cash  paid  Rent,  

“ Balance  credited  them  in  General 


Account, 


$6,800  00 

4.000  00 

3.000  00 
122  71 

16,775  29 

} Int.  to  June  1st. 
$166  60 

97  33 

68  00 

$30,698  00 

$331  93 

$1,000  00 

Int.  to  June  1st. 
j $55  00 

1,400  00 

75  60 

1,000  00 

52  17 

350  00 

11  20 

20.000  00 

1 580  00 

5;000  00 

; 144  17 

3,000  00 

i 85  50 

3,000  00 

82  00 

1 3,000  00 

! 72  50 

; 229  38 

3 31 

1,045  07 

1 50,000  00 
i 19,840  98 

$107,820  36 

I $2,206  52 

1 

^ The  Rent  for  the  year  July  1st,  1852,  to  July  1st,  185.3,  computed  on  subscriptions  as 
being^  $103,540.00,  ha\-ing  been  paid  semi-annuaUy,  when  due,  and  no  interest  therefore 
accruing  thereon,  it  is  not  included  in  the  aboye  account. 


TABLE  1.  — (Continued.) 


9 


1850. 
Dec.  1, 

1851. 
June  1, 

“ 1, 


1851. 
June  1, 
Dec.  1, 

1852. 
June  1, 

“ 


Account  with  the  Vermont  Central  Railroad  Company.  Cr. 


Int.  to  June  1st. 

By  Rent  of  Road,  computed  on  Subscriptions,  . . . 

$6,974  00 

$209  22 

u a u u a 

23,724  00 

“ Balance  of  Interest  to  debit,  

122  71 

■ 

$30,698  00 

s$331  93 

Int.  to  June  1st. 

Bv  Balance  brought  down, 

$16,775  29 

$1,006  52 

Rent  of  Road,  computed  on  Subscriptions,  . . . 

40,000  00 

1,200  00 

LL  U a 44  Ik 

50,000  00 

“ Balance  of  Interest, 

1,045  07 

t 

/ 

$107,820  36 

$2,206  52 

4 


TABLE  L — (CoxTiNUED.) 


Dr.  Vermont  and  Canada  Railroad  Company^  in  Loan 


1850. 
June  18 

“ 21 
July  12 
13 

“ 20 
“ 22 
‘‘  23 
“ 27 
“ 31 
All  Of.  1 
2 

“ 3 

“ 17 
“ 19 
“ 26 
Sep.  12 
“ 20 
Oct.  1 

1851. 
July  1, 


To  Cash  loaned  them, 


Balance  of  Interest, 


1851. 
July  1, 

1852.  ' 
Jan.  6, 

“ 9, 

“ 10, 

July  1, 


To  Balance  brought  doivn, 
“ Cash, 


“ Balance  of  Interest, 


Int.  to  July  1st. 

i $9,595  00 

$596  49 

9,841  96 

606  92 

2,041  00 

118  72 

11,315  00 

656  27 

j 5,000  00 

284  17 

1 11,446  63 

646  74 

1 14,000  00 

788  67 

1 2,100  00 

116  90 

4,000  60  . 

220  03 

1 10,015  00 

550  83 

i 2,000  00  1 

109  67 

20,206  89  i 

1,104  64 

1 10,000  00  ' 

523  33 

1 10,000  00  1 

520  00 

i 2,292  00 

116  51 

! 5,000  00 

240  83 

! 10,000  00 

468  33 

2,200  00 
! ’ 

99  00 

1,461  64 

! 

i 

i 

I 

i $142,515  72 

$7,768  05 

Int.  to  July  1st. 

$5,647  63 

$338  86 

450  00 

13  88 

17  33 

50 

1 15  67 

45 

j 3 42 

10 

1 341  29 

j S6,475  34 

$353  79 

TABLE  L — (Continued.) 


Central  Railroad  Company , for  Liabilities  assumed  for  their  Account.  Cr. 


1852. 

Jan.  31, 

Feb.  2, 
“ 3, 

“ 4, 

“ 5, 

“ 6, 
“ 25, 
“ 26, 
“ 28, 

Mar.  8, 

“ 10, 


By  Cash  from  Sales  of  Stock  of  Vermont  and  Canada 
Raih'oad  Company, 


The  above  sums  represent  the  net  proceeds  of  Sales  of 

3,875  Shares,  par  value, $387,500  00 

i Sold  at  3 per  cent,  less,  or 11,625  00 


$375,875  00 


$2,925  00 
104,875  00 
2,925  00 
130,000  00 
50,000  00 
56,875  00 
4,500  00 
2,000  00 
5,250  00 
14,625  00 
1,900  00 


Interest  to 
July  1st.  1852. 

$73  61 
2,604  40 
72  15 
3,185  00 
1,216  67 
1,374  48 
94  50 
41  67 
107  63 
275  44 
35  15 


Carried  over, ' $375,875  00 


$9,080  70 


8 


TABLE  I.  — (Continued.) 


Dr.  Vermont  Sf  Canada  Railroad  Company  in  Account  with  the  Vermont 


No. 

of 

Note. 

When  Due. 

When  Paid. 

Face 

of 

Note. 

Interest 

and 

Expenses. 

Discount. 

Total  Paid. 

Interest 

to 

July  1st,  1852. 

Brought 

forward,  . . 

$248,523 

60 

$3,900  56 

$144 

49 

$252,279 

67 

$6,190  17 

311 

Feb.  22, 1852, 

Feb.  11, 1852, 

2,000 

00 

1 

33 

1,998 

67 

46  63 

312 

u ' a 

Feb.  2,1852, 

4,000 

00 

13 

34 

3,986 

66 

99  00 

313 

Mar.  7,1852, 

Mar.  3,1852, 

2,000 

00 

2,000 

00 

39  33 

314 

Feb.  22, 1852, 

Feb.  11, 1852, 

6,000 

00 

4 

00 

5,996 

00 

139  91 

315 

Mar.  7,1852, 

Feb.  2,1852, 

4,000 

00 

23 

33 

3,976 

67 

98  75 

317 

Mar.  13, 1852, 

Mar.  10, 1852, 

6,000 

00 

6,000 

00  j 

1 

222  00 

318 

Li  i» 

6,000 

00 

6,000 

00 

1 

319 

Mar.  4,1852, 

Feb.  2,1852, 

5,000 

00 

* 26 

67 

4,973 

33 

123  50 

320 

Nov.  5, 1851, 

Feb.  4,1852, 

2,500 

00 

115 

00 

2,615 

00 

64  07 

322 

Nov.  8,1851, 

Dec.  12, 1851, 

3,000 

00 

51 

00 

3,051 

00 

101  19 

323 

Nov.  12, 1851, 

Feb.  4,1852, 

3,500 

00 

148 

74 

3,648 

74) 

191  41 

324 

Nov.  15, 1851, 

u u 

4,000 

00 

164 

00 

4,164 

00  j 

325 

Mar.  16, 1852, 

Mar.  16, 1852, 

1,500 

00 

1,500 

00 

26  25 

328 

Man  19,  1852, 

Feb.  2,1852, 

2,000 

00 

15 

67 

1,984 

33') 

329 

Li  U 

10,000 

00 

78 

33 

9,921 

67 

330 

u u 

U Li 

5,000 

00 

39 

17 

4,960 

83 

705  33 

331 

u u 

Li  Li 

5,000 

00 

39 

16 

4,960 

84 

333 

^lar.  4, 1852, 

LL  Li 

2,500 

00 

13 

33 

2,486 

67 

334 

Mar.  6,  1852, 

LL  Li 

4,500 

00 

25 

50 

4,474 

50 

336 

Mar.  12, 1852, 

Mar.  10, 1852, 

3,000 

00 

3,000 

00 

55  50 

337 

Mar.  15, 1852, 

Feb.  6,1852, 

3,500 

00 

22 

75 

3,477 

25 

84  03 

338 

]\Iar.  18, 1852, 

Feb.  2,1852, 

4,000 

00 

30 

67 

3,969 

33 

98  57 

339 

:\Iar.  20, 1852, 

Mar.  20, 1852, 

2,000 

00 

2,000 

00  i 

! 

80  80 

340 

a u 

LL  Li 

2,800 

00 

2,800 

00  1 

341 

u u 

Feb.  2,1852, 

10,000 

00 

’ 80 

00 

9,920 

00 

246  35 

342 

Nov.  20, 1851, 

Dec.  9,1851, 

5,000 

00 

55 

00 

5,0oo 

00 

170  18 

343 

Mar.  21, 1852, 

Feb.  2,1852, 

4,000 

00 

32 

67 

3,967 

33^ 

I 

344 

u u 

u u 

4,000 

00 

32 

66 

3,967 

34 

295  57 

345 

u u 

((  u 

4,000 

00 

32 

67 

3,967 

33  ' 

1 

347 

Mar.  23, 1852, 

Feb.  7,1852, 

2,000 

00 

15 

33 

1,984 

67 

47  63 

348 

u a 

Mar.  23, 1852, 

2,000 

00 

2,000 

00 

32  67 

349 

Mar.  26, 1852, 

Mar.  26, 1852, 

1,000 

00 

1,000 

00 

15  83 

350 

Mar.  28, 1852, 

]Mar.  27, 1852, 

4,500 

00 

4,500 

00 

70  50 

357 

Nov.  8, 1851, 

Dec.  13, 1851, 

5,000 

00 

34 

03 

5,034 

03' 

358 

Nov.  13, 1851, 

a it 

5,000 

00 

29  17 

5,029 

17 

359 

.Jail.  13, 1852, 

U Li 

5,000 

00 

25 

00 

4,975 

00 

uvu  oo 

360 

Jan.  17, 1852, 

a a 

5,000 

00 

28 

33 

4,971 

67, 

362 

Feb.  19, 1852, 

Jan.  30, 1852, 

8,762 

50 

29 

25 

8,733 

25 

219  79 

$407,586  loj  $4,497 

50 

' $753  65 

$411,329  95 

$10,125  29 

1852. 


.July  1, 
1, 


To  Balance  of  Cash  brought  down, 
“ “ “ Interest  “ “ 


$35,454  95 
1,044  59 

$36,499  54 


I 


TABLE  I,  — (Continued.) 


9 


Central  Railroad  Coinpany,  for  Liabilities  assumed  for  their  Account.  Cr. 


1852. 

July  1, 

“ 1, 


Brought  forward, 

By  Balance  of  Cash  carried  down, 

‘‘  “ “ Interest  “ “ 


1852, 
July  1, 


By  transfer  to  General  Account, 


$375,875  00 
35,454  95 


$411,329  95 


$36,499  54 


$36,499  54 


Interest  to 
July  1st,  1852. 
$9,080  70 

1,044  59 


$10,125  29 


B 


10 


TABLE  L — (Continued.) 


Dr.  Vermont  ^ Canada  Railroad  Company  in  Account  Current  with 


1 

$615  25 
374  67 

Int.  toJuly  1,1846. 
$22  66 

11  68 

34  34 

$1,024  26 

$34  34 

$1,024  26 

Int.  to  July  1, 1847. 

$61  45 

61  45 

$1,085  71 

$61  45 

$1,085  71 

Int.  to  July  1, 1848. 
$65  14 

59  21 

65  45 

31 

$1,210  37 

$65  45 

$1,210  37 

Int  to  July  1, 1849. 
$72  62 

72  62 

$1,282  99 

$72  62 

$1,282  99 
2,380  53 
1,127  32 

Int.  to  July  1, 1850. 
$76  98 

130  93 

45  28 

23,164  91 
17,271  70 
1,922  46 
200  00 

87  50 
1,215  00 

694  95 

261  95 

4 81 

07 

03 

$48,652  41 

$1,215  00 

$48,652  41 
12,405  88 

Int.  to  Julyl,  1851. 
$2,919  14 

622  07 

68,312  31 

2,015  21 

. 23,407  84 
6,000  00 
4,188  33 
14,164  09 
5,385  19 

992  45 
41,205  72 
1.000  00 
3,000  00 

280  90 

257  00 

178  00 

664(  20 

212  72 

36  88 
1,442  20 

31  17 

90  50 

47,130  33 

502  72 

5438  62 
6,500  00 

163  16 

192  83 

$287,783  17  1 

$9,508  70 

1845. 
Nov.  20, 
Dec.  24, 

1846. 
July  1, 


1846. 
July  1, 

1847. 
July  1, 


1847. 
July  1, 

1848. 
May  31, 
July  1, 


1848. 
July  1, 

1849. 
July  1, 


1849. 
July  1, 
Aug.  1, 
Oct  31, 

1850. 
Jan.  1, 
:\Iar.  31, 
June  16, 

‘‘  29, 
“ 29, 
July  1, 


1850. 
July  1, 
Aug.  31, 
bep.  30, 

“ 30, 

Oct.  14, 
“ 16, 
Nov.  2, 
“ 4, 

“ 18, 
Dec.  1, 
“ 24, 
“ 30, 
“ 31, 

1851. 
Jan.  1, 

“ 3, 


To  Cash  paid  for  Engineering,  Surveying  and  Expenses, 
“ Interest  from  opposite  side, 


To  Balance  of  Account  brought  forward, 
“ Interest  from  opposite  side, 


To  Balance  of  Account  brought  forward. 


" Cash  paid, 

“ Interest  from  opposite  side. 


To  Balance  of  Account  brought  forward, 
“ Interest  from  opposite  side, 


To  Balance  of  Account  brought  forward, 
“ Cash  paid  their  Agent  at  Northfield,  . . 


“ “ J.  W.  Glidden,  for  inspecting  Iron, 

“ “ E.  G.  Loring,  Counsel  Fees, 

Interest  from  opposite  side, 


To 


Balance  of  Account  brought  forward, 

Cash  paid  their  Agent  at  Northfield, [ ! 

Notes  given  Wainwright  & Tappan,  average  due 

January  4th,  1851, 

Notes  given  Davis,  Brooks  & Co.,  average  due  Anril 

19th,  1851, ^ 

Cash  paid  Wainvjright  and  Tappan, 

“ “ their  Agent  at  Northfield, 

“ “ Davis,  Brooks  & Co., ’ " 

“ “ their  Treasurer, ’ 

“ “ Wainwight  & Tappan, 

“ “ their  Agent  at  Northfield, ] 

“ “ President’s  draft, " 

“ “ their  Treasurer, ’ ' [ ’ 

Notes  given  Davis,  Brooks  & Co.,  average  due  April 
27th,  1851, 


Cash  paid  their  Treasurer, 

“ “ » » “ 

Carried  forward, 


TABLE  1.  — (Continued.) 


11 


The  Vermont  Central  Railroad  Company  for  Advances.  Cr. 


1846. 
July  1, 


1847. 
July  1, 


1848. 
July  1, 
“ 1> 


1849. 
July  1^ 


1860. 
July  1, 
“ 1, 


1850. 
Sep.  2, 
“ 6, 
“ 6, 
“ 7, 


“ 14, 

“ 16, 
“ 17, 
“ 18, 
“ 20, 
Oct.  10, 
“ 12, 
“ 12, 
“ 14, 
“ 22, 
» 25, 
“ 26, 


By  Interest  to  debit  in  Account, 

“ Balance  of  Accoiuit  canned  forward. 


By  Interest  to  debit  in  Account, 


Balance  of  Account  carried  forward. 


By  Interest  to  debit  in  Account, 


Balance  of  Account  carried  forward. 


By  Interest  to  debit  in  Account, 


Balance  of  Account  carried  forward, 


By  Interest  to  debit  in  Account, 

“ Balance  of  Account  carried  forward. 


ByNote  due  Mar.  5, 1851,  for  $2,100.00,  pd.ds.  $101.32,  net, 


Jan. 

Feb.  9,  “ < 

Mar.lO,  “ ‘ 

Jan.  10,  \ u , 
Mar.  12,  j 
Mar.  13,  ) » , 

“ 17,  f 
“ 19,  “ ' 

“ 20,  “ ' 
• “ 21,  “ ' 
“ 23,  “ ' 

No.  68,  ' 

“ 70, 

“ Cash  from  Treasurer, 


5.000. 00, 

6.000. 00, 
10,000.00, 

9.500.00, 

17,000.00, 

2.500.00, 

1.000. 00, 

2.500.00, 
6,378.14, 

6.000. 00, 

3,000.00, 


178.75, 

203.75, 

482.50, 

364.63, 

848.79, 

120.63, 
48.25, 

120.63, 

289.50, 

217.50, 

122.50, 


Note  due  No.  71,  for  $5,000.00,  pd.  dis.  $215.83,  nett, 

“ “ “ 72,  “ 6,000.00,  “ 215.83,  “ 

“ “ » 51,  “ 6,000.00,  “ 125.8.3,  “ 


Carried  oyer, 


$1,024  26 


$1,024  26 


$1,085  71 


$1,085  71 


$1,210  37 


$1,210  37 


$1,282  99 


$1,282  99 


$48,652  41 


$48,652  41 


$1,998  68 
4,821  26 
4,796  25 
9,517  50 

9,135  37 

16,151  21 

2.379  37 
951  75 

3.379  37 
5,088  64 
4,782  50 
2,878  00 

11,000  00 
26,000  00 
4,784  17 
4,784  17 
4,874  17 

$116,322  40 


Int  to  July  1, 1846. 
$34  34 


$34  34 


Int.  to  July  1, 1847. 
$61  45 


$61  45 


Int.  to  Julyl,  1848. 
$65  45 


$65  45 


Int  to  July  1, 1849. 

$72  62 


$72  62 


Int  to  July  1,1860. 
$1,215  00 


$1,215  00 


Int  to  July  1, 18,)!. 
$99  60 
237  84 
235  81 
466  36 

444  60 

772  57 

113  02 
45  05 
112  23 
, 239  91 

208  04 
124  23 
474  84 
1,113  67 

198  54 
196  15 

199  03 


$;>281  49 


12 


TABLE  L — (Continued.) 


Dr.  Vermont  Canada  Railroad  Company  in  Account  Current  with 


Feh. 


1851. 
Jan.  10, 
“ 13, 
“ 14, 
“ 16, 
“ 17, 
“ 18, 
“ 20, 
“ 21, 
“ 22, 
24, 
31, 

“ 8, 
“ 12, 
“ 13, 
“ 15, 
“ 18, 
“ 22, 
“ 24, 
“ 27, 
Mar.  1, 
“ 3, 

“ 5, 
“ 8, 
“ 10, 
“ 11, 
“ 12, 
“ 13, 
“ 15, 
“ 17, 
“ 18, 
“ 19, 
“ 22, 
“ 24, 
“ 25, 
“ 26, 
“ 27, 
“ 29, 
“ 31, 
April  1, 
“ 2, 
“ 5, 
“ 8. 


Mav 


“ 20, 
“ 22, 
“ 16, 
“ 24, 
“ 26, 
June  5, 

“ 7, 

“ 

“ 11, 
“ 14, 
“ 16, 
“ 16, 


To  amount  brought  forward. 

To  Cash  paid  their  Treasurer, 

“ “ “ Davis,  Brooks  & Co., 

“ Cash  paid  their  Treasurer, 


Davis,  Brooks  & Co. 
their  Treasurer, 


J.  W.  Glidden, 

their  Treasurer, 

“ Agent  at  Northfield, . 
“ Treasurer, 


Agent  at  Northfield, 
Treasurer, 


Agent  at  Noilhfield,. 
Treasurer, 


Agent  at  Northfield, 


Carried  forward, $877,641  78 


Int.  to  Julyl,18i 

$287,783  17 

$9,508  70 

3,000  00 

85  50 

7,826  96 

219  16 

724  66 

20  17 

500  00 

13  75 

6,000  00 

164  00 

7,897  55 

214  55 

2,500  00 

67  08 

5,000  00 

133  33 

6,000  00 

132  50 

160  48 

4 20 

3,052  24 

76  82 

10,012  50 

246  97 

5,000  00 

119  17 

2,089  08 

48  39 

10,500  00 

241  50 

36,509  29 

918  82 

2,920  76 

64  74 

9,000  00 

193  50 

6,000  00 

127  00 

2,500  00 

51  67 

1,924  68 

38  49 

9,492  93 

186  70 

12,100  00 

233  93 

800  00 

15  07 

17,723  00 

327  88 

6,050  83 

92  60 

8,500  00 

154  42 

7,500  00 

135  00 

3,300  00 

58  30 

13,000  00 

225  33 

1,533  57 

26  33 

6,815  00 

115  86 

48,500  00 

800  25 

2,000  00 

32  33 

3,500  00 

56  00 

2,000  00 

31  67 

13,000  00 

203  67 

15,000  00 

230  00 

10,000  00 

151  67 

2,000  00 

30  00 

5,000  00 

74  17 

16,923  78 

242  57 

2,131  57 

29  56 

3,000  00 

41  00 

2,500  00 

32  08 

3,000  00 

38  00 

45,294  92 

679  42 

2,000  00 

24  00 

1,184  25 

13  22 

5,000  00 

55  00 

5,000  00 

52  50 

483  33 

4 91 

21,978  31 

201  46 

8,100  00 

63  45 

2,800  00 

19  60 

10,216  67 

69  81 

3,000  00 

19  50 

35,382  64 

265  37 

5,000  00 

30  83 

13,200  00 

77  00 

3,000  00 

13  00 

3,800  00 

15  20 

3,700  00 

13  57 

3,600  00 

12  00 

6,500  00 

18  42 

7,400  00 

18  50 

60,729  61  1 

151  82 

$877,641  78  1 

$18,072  98 

TABLE  1.  — (Continued.) 


13 


the  Vermont  Central  Railroad  Company  for  Advances.  Cr. 


1850. 

“ 28, 


» 31, 
“ 31, 
Nov.  4, 
“ 5, 


U 

u 


6, 

L 

19, 

23, 

25, 


u 

u 


25, 

26, 
27, 
30, 


Dec.  20, 
» 20, 


“ 21, 

“ 26, 

“ 27, 


“ 28, 
1851. 
Jan.  1, 


u 

U 

il 

U 

a 

u 


4, 

7, 

8, 
8, 

11, 

14, 

14, 


“ 16, 
“ 18, 
“ 18, 

“ 20, 
“ 24, 
Feb.  1, 

“ 5, 
“ 10, 
“ 10, 
“ 15, 
“ 19, 
“ 21, 
“ 24, 
“ 27, 
Mar.  3, 
“ 4, 

“ 12, 
“ 17, 
“ 21, 
“ 22, 
“ 24, 
“ 25, 
“ 27, 
Apr.  2, 
“ 3, 

“ 4, 

“ 7, 

“ 8, 


By  amount  forward 

By  Notes  Nos.  '50,  57,  58,  59,  61,  64,  65,  for  $23,500, 

pd.  dis.  $697.22,  nett 

“ Note  on  demand,  sold  for  its  face, 

“ Cash  from  Treasurer, 

u a U 

“ Notes  Nos.  52, ’53,  60,  e’o’  for  $15,000,’  pd.’dis.  $4’2'8.64, 

nett, 

“ Note  No.  67,  for  $3,000,  pd.  dis.  $101.50,  nett 

“ Notes  Nos.  62,  63,  for  $6,000,  pd.  ds.  $198.89,  nett.  . 

“ Cash  from  Treasurer,  

“ Note  No.  89,  for  $5,000,  pd.  dis.  $203.13,  nett 

“ Notes.  Nos.  83,  90,  91,  for  $8,000,  pd.  dis.  $289.49, 

nett 

“ Cash  from  Treasurer, 

“ Note  No.  81,  for  $3,500,  pd.  dis.  $103.64,  nett 

“ Notes  Nos.  85,  87,  for  $6,100,  pd.  dis.  $163,52,  nett.  . 
“ Notes  Nos.  82,  84,  86,  88,  for  $12,100,  pd.  dis.  $493.66, 

nett 

“ Cash  from  Treasurer, 

“ Notes  Nos.  105,  106, 115,  for  $8,000,  pd.  dis.  $337,83, 

nett 

“ Note  No.  116,  for  $4,500,  pd.  dis.  $182.81,  nett 

“ Notes  Nos.  97,  102,  103,  for  $9,900,  pd.  dis.  $370.36, 

nett 

“ Notes  Nos.  118, 119, 120,  for  $20,000,  pd.  dis.  $825.62, 

nett 

“ Note  No.  117,  for  $6,000,  pd.  dis.  $259.00,  nett 


“ Cash  from  Ti'easurer, 

C(  U 

u u u 

u u u 

ii  u u 

“ Note  No.  104,  for  $3,8’o’o’, ’pel’  dis.’ $136.17,  nett.  . . . . 
“ Cash  from  Treasurer, 

ii  ii  U 

“ Albany  City  Five  per  Cent.  Stock,  $8,000,  sold  at 

dis.  $240.00,  nett 

“ Cash  from  Treasurer, 

u a 

“ Albany  City  Five  per  Cent.  Stock,  $6,000,  sold  at 

dis.  $180.00,  nett 

“ Cash  from  Treasurer, 

“ Note  No.  99,  for  $3,400,  pd.  dis.  $118.05,  nett 

“ Cash  from  Treasurer, 


U 

U 


u 

u 

u 

u 

u 

u 

u 

a 

u 

a 

u 

ii. 


u a 

u u 

Note  No.  157,  for  $5,000,  pd.  dis.  ^241.25,  nett. 
Cash  from  Treasurer, 

u u 

£(  U 

ii  ii 

a iL 

£4  ££ 

££  ££ 

££  ££ 

££  ££ 

££  ££ 


££ 

££ 


Can'ied  over. 


$116,322  40 

22,802  78 

20,000  00 

31.000  00 

8,000  00 

14,571  36 
2,898  50 
5,801  11 
2,434  38 
4,796  87 

7,710  51 
2,000  00 
3,396  36 
5,936  48 

11,606  34 

6,000  00 

7.662  17 
4,317  19 

9,529  64 

19,174  38 
5,741  00 

11,500  00 

10.000  00 
9,581  05 
1,708  58 
9,568  34 

3.663  83 

5.000  00 
15,000  00 

7,760  00 
6,410  50 
5,741  66 

5,820  00 
26,368  97 
3,281  95 

4.500  00 

3.000  00 

1.500  00 
4,758  75 
3,810  00 
6,540  33 
9,987  54 
1,425  00 

2.000  00 
6,697  57 
4,949  10 

56,340  00 
1,000  00 
5,695  50 
9,551  43 
5,964  00 
8,532  71 
9,466  67 
5,396  00 
14,644  75 
1,951  75 
4,733  33 
12,938  67 

$618,489  55 


Int.  to  July  1, 1851. 

$5,281  49 

923  51 
803  33 
1,245  17 
316  00 

573  13 
113  52 
226  24 
90  07 

174  29 

277  58 

72  00 
121  70 
211  74 

408  15 
191  00 

243  92 
136  71 

293  83 

588  02 

175  10 

345  00 
296  67 
282  64 
49  55 
275  89 
105  64 
141  67 
417  50 

215  99 

176  30 
155  99 

158  11 
707  58 

85  89 
112  50 

73  00 
35  2<> 

111  83 

86  36 
143  88 

216  40 
30  16 
41  33 

131  72 
96  51 
1,023  51 
17  33 
94  93 
157  60 
96  42 
136  52 
148  31 
80  04 
214  79 
28  30 
66  27 
178  99 

$19,202  87 


14 


TABLE  I.  — (Continued.) 


Dr.  Vermont  Canada  Raihoad  Company  in  Account  Current  with 


1S51.  , To  Amount  brought  forward, 

June  IS,  ■ To  Cash  paid  their  Treasurer,"!^ 

“ 20,  . 

“ 21, 

“ 23, 

24, 


Julv  1, 


Balance  of  Interest  to  Credit  in  Account, 


8877,641  78 
3,300  00 
3.200  00 
3,100  00 
8,000  00 
4,500  00 
20,000  00 


Int.  to  Julyl,lS52. 
Si8,072  98 
7 15 
5 87 
5 17 
10  67 
5 25 
3 33 
3,340  67 


1851. 


: To  Balance  of  Account  brought  forward, 
1,  I Cash  paid  their  Treasurer, 


Aug. 


3, 
L| 
10,: 
12, 
12,  ! 
11.  i 
19,  ! 
11,  ■ 


Sept. 


11. 

12, 

13,1 

14,: 

16,  I 

16,  I 
20, 
22 
2?  I 
26,  ; 

27,  : 

28,  j 

29,  ; 

30,  ; 
1, 
5, 

10, 
11, 
12,: 
13,  : 

I 


Agent  at  Xonhfield, 
Treasurer, 


S919.741  78 


821,451,09 


Int.  to  Julv  1,1852. 


Camed  forward. 


S65.429  66 

83,925  78 

21.000  00 

1,260  00 

5,000  00 

298  33 

10,000  00  : 

590  00 

22.000  00 

1.287  00 

12,612  50 

735  73 

3,000  00 

174  50 

6,000  00  ■ 

347  00 

12,700  00  ; 

723  90 

27,500  00 

1,558  33 

5.000  00 

280  83 

8.000  00 

448  00 

3.000  00  ' 

162  00 

7.100  00 

382  22 

2;000  00  j 

107  33 

5,000  00  i 

266  67 

3,000  00  i 

159  50 

5,000  00  ; 

265  00 

14.200  00  1 

750  23 

10,000  00  i 

525  00 

49,438  46  i 

2,595  52 

3,200  00  i 

165  87 

8,100  00  1 

417  15 

4,450  00  ^ 

228  43 

3,350  00 

170  29 

2,500  00  ' 

126  67 

3,250  00  ’ 

164  13 

10,150  00  , 

510  88 

3,000  00  1 

150  50 

5,000  00  : 

250  00 

5/200  00  : 

256  53 

5,000  00  ' 

242  50 

15,000  00  . 

725  00 

3.500  00 

168  58 

45,000  00  1 

2,160  00 

8413,680  62 

822,579  40 

TABLE  L — (Continued.) 


15 


the  Vermont  Central  Railroad  Company^  for  Advances-  Cr. 


Int.  to  July  1,1852. 

1851. 

By  Amount  brought  forward,  . . . . 

$618,489  55 

$19,202  87 

April  9, 

Bv 

Cash  from  Treasurer, 

17,070  49 

233  29 

“ 11, 

u 

((  (( 

692  07 

9 23 

» 14, 

“ 

a LL 

16,371  66 

210  11 

“ 18, 

U 

a n 

6,443  60  ! 

78  40 

“ 19, 

“ 

LL  (4 

32,187  02 

386  24 

» 22, 

a 

LL  44 

4,350  96 

50  03 

“ 24, 

u 

44  44 

8,240  55 

92  02 

“ 25, 

u 

44  44 

3,439  80 

37  84 

“ 28, 

“ 

22,422  41 

235  43 

“ 29, 

“ 

44  44 

1,483  12 

15  32 

“ 30, 

u 

44  44 

2,899  50 

29  48 

May  1, 

u 

44  44 

9,731  87 

97  32 

““  3, 

u 

44  44 

7,000  00 

67  67 

“ 4, 

“ 

44  44 

13,859  18 

131  66 

“ 6, 

44  44 

11,051  94 

101  31 

“ 7, 

u 

44  44 

3,827  33 

34  44 

“ 8, 

i( 

44  44 

3,982  95 

35  19 

“ 13, 

u 

44  44 

14,307  69 

114  47 

“ 15, 

u 

44  44 

3,586  40 

27  50 

“ 20, 

“ 

44  44 

4,191  47 

28  64 

“ 21, 

u 

44  44 

9,942  89 

66  29 

“ 28, 

ii 

44  44 

16,000  00 

88  00 

44  44 

2,600  00 

13  87 

June  5, 

44  44 

6,800  00 

29  47 

“ 10, 

u 

44  44 

10,000  00 

35  00 

July  1, 

“ 

Balance  of  Interest  from  opposite  side,  . . 

3,340  67 

“ 1, 

“ 

“ “ Account  carried  forward,  .... 

65,429  66 

$919,741  78 

$21,451  09 

1851. 

Int.  to  Julyl,  1852. 

July  2, 

Bv  Cash  from  Treasurer, 

$1,000  00 

$59  83 

“ 8, 

ii 

44  44  44 

1,400  00 

82  37 

“ IL 

U 

44  44  44 

5,500  00 

320  83 

“ 23, 

u 

44  44  44 

5,800  00 

326  73 

Aug.  6, 

u 

44  44  44 

94,178  00 

5,101  31 

“ 12, 

Li 

44  44  44 

19,756  00 

1,050  36 

Oct.  31, 

H 

V.  C.  R.  R.  Co’s  Note  given  up,  due  Oct. 

21,  1851, 

16,200  00 

675  00 

“ 31, 

“ “ » Nov. 

5,  “ 

2,500  00 

98  33 

» 31, 

Li 

u if  it  a 

8,  “ 

8,000  00 

310  67 

“ 31, 

Li 

a a a u 

12,  “ 

3,500  00 

133  59 

“ 31, 

H 

44  44  44  44 

13,  “ 

5,000  00 

190  00 

“ 31, 

U 

44  44  44  44 

15,  “ 

4,000  00 

150  67 

“ 31, 

u 

44  44  44  44 

20,  “ 

5,000  00 

184  17 

“ 31, 

u 

44  44  44  44 

22,  “ 

10,000  00 

365  00 

“ 31, 

“ “ “ Dec.  15,  “ 

8,500  00 

277  67 

“ 31, 

Li 

“ “ “ Jan. 

4, 1852, 

5,000  00 

147  50 

“ 31, 

u 

ti  ti  it  a 

13,  “ 

5,000  00 

140  00 

“ 31, 

Li 

a a if  it 

16,  “ 

5,000  00 

137  50 

“ 31, 

u 

ti  a a a 

ir,  “ ■ 

5,000  00 

136  67 

“ 31, 

Li 

ti  it  a a 

19,  “ 

3,000  00 

81  00 

“ 31, 

u 

if  a a a 

24,  “ 

14,000  00 

366  33 

■ “ 31, 

Li 

ti  it  a u 

28,  “ 

5,000  00 

127  50 

“ 31, 

Li 

“ “ “ Feb. 

1,  “ 

1,000  00 

25  00 

“ 31, 

Li 

44  44  44  44 

7,  “ 

5,000  00 

120  00 

“ 31, 

Li 

44  44  44  44 

8,  “ 

15,000  00 

357  50 

“ 31, 

Li 

44  44  44  44 

17,  “ 

10,000  00 

223  33 

“ 31, 

Li 

44  44  44  44 

19,  “ 

20,000  00 

440  00 

“ 31, 

Li 

44  44  44  44 

22, 

16,000  00 

344  00 

“ 31, 

U 

44  44  44  44 

23,  “ 

12,700  00 

270  93 

“ 31, 

Li 

44  44  44  44 

24,  “ 

1,500  00 

31  75 

“ 31, 

Li 

44  44  44  44 

25,  “ 

5,000  00 

105  00 

“ 31, 

Li 

“ “ “ Mar. 

4,  “ 

2,500  00 

48  75 

“ 31, 

Li 

(4  44  44  44 

6,  “ 

4,500  00 

86  25 

“ 31, 

LL 

44  44  44  44 

7,  “ 

6,000  00 

114  00 

“ 31, 

Li 

44  44  44  44 

12,  “ 

3,000  00 

54  '50 

Carried  forward, 

$334,534  00 

$12,684  04 

16 


TABLE  I.  — (Continued.) 


Dr. 

Vermont  Canada  Railroad  Company  in 

Account  Current  with 

1851. 

To  Amount  brought  forAvard, 

$413,680  62 
3,300  00 
5,200  00 

Int.  to  July  1, 1852. 
$22,579  40 
155  65 

Sep.  18, 
“ 23, 

To  Cash  paid  their  Treasurer, 

240  93 

“ 24, 

(i  ((  iL  U 

6,000  00 
5,000  00 
15,300  00 
10,000  00 
10,000  00 
25,550  00 
4,840  91 
3,750  00 

277  00 

U iL  ii  U (( 

230  00 

“ 27, 

U a (4  ii  iL 

698  70 
451  67 
441  67 
1,092  26 
205  75 
158  75 

“ 30, 

U 44  44  44  44 

Oct.  6, 

44  44  44  44  44 

“ is' 

44  44  44  44  44 

“ 16, 

“ “ “ “ Agent  at  Northfield, 

“ 17, 

“ “ “ “ Treasurer, 

“ 1^ 

44  44  44  44  44 

3,650  00 
3,550  00 
258  31 

153  91 

“ 21, 

44  44  44  44  44 

147  92 

Nov.  1, 

H H U ll  n 

10  33 

Dec.  1, 

“ “ “ “ Agent  at  Northfield, 

63,121  73 

2,209  26 

623  09 
737  45 

1852. 
Jan.  16, 

22,657  60 
82,534  74 
10,000  00 

Feb.  15, 

U (1  ((  u U ll 

“ 17, 

“ “ “ “ Treasurer, 

223  33 

8 40 

94  44 

“ 25, 

44  44  44  44  44 

400  00 

“ 28, 

44  44  44  44  44 

4,607  00 
224  14 

Mar.  10, 

44  44  44  44  44 

4 14 

64  27 

“ 16, 

“ “ “ “ Agent  at  Northfield, 

3,672  82 

“ 30, 

“ “ “ “ Treasurer, 

10,018  33 

151  94 

84  86 

May  1, 

“ “ “ “ Agent  at  Nortlifield, 

8,486  49 
10,812  57 
5,988  92 

June  16, 

((  ll  ll  , ll  ll  ll 

27  03 

July  1, 

“ Balance  brought  from  Loan  account, 

“ 1, 

“ “ “ “ Liabilities  assumed, 

36,499  54 
12,279  48 
2,128  88 
3,046  37 

24  94 

“ 1 

“ their  interest  account  paid  for  them,  

“ l! 
“ 1, 
“ 1, 

“ amount  paid  C.  0.  Whitmore,  paid  for  them, 

“ “ “ John  Smith,  “ “ 

“ $23.75  interest  paid  on  Note,  Sept.  1,  above,  of 
$5,000,  (omitted,)  with  interest  to  date, 

“ 1, 

“ Wharfage  (omitted)  per  Medallion,  Tovmsend,  J. 
Haven,  Western  Star,  and  E.  Mav,  Avith  interest 
to  this  date,  (paid  Sept.  24,  1850,)“' 

98  58 

“ 1, 

“ Balance  of  Interest  opposite, 

13,523  73 
25,966  92 

“ 1, 

“ Steamer  Ethan  Allen,  charged  back, 

$776,172  62 

$31,072  15 

1852. 
July  1, 

To  Balance  of  Account  brought  forward,  . . . 

$108,950  31 
2,671  18 
1,500  00 

1.500  00 

2.500  00 

1 500  00 

Int.  to  July  1, 1853. 

$6,537  02 

143  80 

Aug.  8, 

“ Cash  paid  their  Agent  at  Northfield, ...  . 

Oct.  4, 

“ “ “ “ Note,  No.  88, 

66  75 

65  00 

95  00 

55  50 

36  83 

101  85 

130  30 

38  60 

38  20 

48  13 

203  75 

“ 11, 

“ “ “ “ “ No.  89, 

Nov.  13, 

ll  ll  ll  ll  ll  ’ 

“ 19, 

it  ii  ll  ll  ll  

“ 20, 

“ “ “ “ Acceptance, 

Ajt/v/v/  \J\J 
1,000  00 

9 Q.98  10 

Dec.  3, 

“ “ “ “ Note, 

“ 4, 

“ “ “ “ Three  Notes, 

^4^00  XU 

3,758  63 

1 900  00 

“ 18, 

“ “ “ “ Note, 

“ 20, 

“ “ ti  ll  ll  ^ 

X^^VU  uu 

1 900  00 

1853. 
Jan.  16, 

“ “ “ “ Agent  at  Northfield, 

Xj^vv  UV 

1,750  00 

7 500  00 

» 18, 

“ “ “ “ Treasurer 

Feb.  10, 

tt  ll  ll  ll  ll  ’ 

1 jUvU  uv 

9 500  00 

58  75 

9 83 

25  93 

73  33 

33  59 

1 51 

IQ  R9 

Mar.  3, 

tt  ll  ll  ll  ll  

500  00 

1 .364  70 

“ 7, 

It  It  It  ll  ll  

“ 11, 

It  ll  ll  ll  ll 

X^UU^  1 u 

4 000  00 

“ 11, 

“ “ “ Agent  at  Northfield,. . . . 

uu 

1,832  03 

94  58 

1 ^00 

“ 25, 

“ “ “ “ Treasurer 

“ 31, 

“ “ “ “ Note 

“ 31, 

“ Note  of  L.  Brainerd,  due, 

x,ouo  oo 

At/  Oia 

1 n 99 

Mav  3, 

“ Cash  paid  their  Treasurer.  . 

U 1 O #47 

Fi  VOO  OO 

55  10 

26, 

“ ll  ll  ll  ll  ’ 

o»  t uu  uu 

9 Ofifi  07 

12  13 

June  1, 

“ “ from  J.  H.  Peck,  part  sale  of  E.  Allen, 

42i,UOU  U# 

2,474  97 

12  37 

Carried  forAvard, 

$160,501  30 

$7,873  31 

TABLE  L — (Continued.) 


17 


the  Vermont  Central  Railroad  Company,  for  Advances.  Cr. 


Int.  to  Julyl,lS5: 

$334,534  00 

1 $12,684  04 

12,000  00 

216  00 

3,500  00 

61  83 

1,500  00 

26  25 

4,000  00 

68  67 

25,000  00 

425  00 

14,800  00 

249  14 

12,000  00 

200  00 

4,000  00 

65  33 

1,000  00 

15  83 

4,500  00 

69  75 

5,000  00 

35  83 

6,000  00 

203  00 

25,122  23 

787  16 

5,134  00 

154  02 

3,259  67 

82  03 

5,000  00 

1 111  67 

4,936  67 

1 104  49 

5,000  00 

1 105  00 

1,200  00 

23  60 

229  38 

1 4 52 

2.500  00 

1 43  75 

3,000  00 

r 1 

j 49  00 

1 

10,018  33 

1 

i 

59,981  67  \ 

; 1,663  31 

47,614  07 

1 

2,625  00  J 

19,840  98 

1 99  20 

504  66 

1 

25,966  92 

12,279  48 

2,128  88 

.3,046  37 

i 13,523  73 

108,950  31 

$776,172  62 

$31,072  15 

1 

1 Int.  to  July  1, 18.'; 

$5,296  31 

1 316  90 

659  17 

! 28  24 

3,045  00 

1 112  16 

6,000  00 

, 218  00 

1,378  14 

1 47  08 

2,500  00 

78  75 

1,500  00 

46  75 

5,325  00 

162  41 

2,500  00 

1 75  42 

2,809  00 

84  74 

1 

2,810  00 

! 84  30 

5,000  00 

1 147  50 

7,500  00 

216  25 

3,610  83 

102  31 

340  95 

9 32 

5,000  00 

122  50 

1,000  00 

17  83 

1,300  00 

22  10 

1,500  00 

23  00 

2,400  00 

36  40 

100  00 

1 50 

600  00 

8 70 

2,000  00 

2tj  33 

1,010  50 

7 41 

$65,184  90 

$1,996  90 

1852. 

Oct.  31, 
“ 31, 
“ 31, 
“ 31, 
“ 31, 
“ 31, 
“ 31, 
“ 31, 
“ 31, 
“ 31, 
“ 31, 

Dec.  8, 
“ 23, 
1852. 


1852. 
July  2, 
Oct.  14, 
Nov.  20, 

“ 23, 
Dec.  6, 
“ 21, 
“ 24, 
“ 28, 
“ 30, 
“ 31, 

1853. 
Jan.  1, 

“ 4, 

“ 8, 
“ 11, 
“ 17, 
Feb.  4, 
Mar.  14, 
“ 19, 
“ 29, 
“ 31, 
April  1, 
“ 4, 

“ 12, 

May  17, 


By  Amount  brought  forward,. . . 
By  V.  C.  R.  R.  Co’s  Note  given  up,  due  Mar. 


Jan. 

1, 

31, 

Feb. 

IL 

u 

24, 

U 

25, 

Mar. 

3, 

“ 

10, 

16, 

u 

23, 

Averag< 

; date, 

April  8, 

June 

i 1, 

July 

1, 

“ Cash  from  Treasurer, 


May 


13, 

15, 

16, 
18, 

19, 

20, 
21, 
23, 
26, 
28, 
18, 


1852, 


Wm.  Parsons’  Note  for  $5,000,  pd.  dis.  $63.33,  nett. 
Cash  from  Treasurer, 


0 Cash  from  Sales  of  Stock,  1 

^ Mar.  30, 

- “ “ 31,  \ Dis.  $2,260.93,  netting 

1 “ “ Apr.  14, 

3 “ “ July  28,  I 

Balance  brought  from  Rent  Account, 

Interest  collected  on  Albany  Stock,  (omitted,)  with 

Interest  to  date, 

Steamer  Ethan  Allen,  as  cash, 

their  Interest  Account  transferred  to  this  Company, 
payment  to  C.  0.  Whitmore,  for  services  “ 
John  Smith, 

Balance  of  Interest  to  debit  in  Account, 

“ Account  carried  forward, 


By  Cash  of  their  Treasurer, 

‘‘  “ “ “ Agent  at  Northfield,. 
“ “ “ “ Treasurer, 


Agent  at  Northfield,. 
Treasurer, 


C 


18 


TABLE  1.  — (Continued.) 


Dr. 

Vermont  ^ Canada  Railroad  Company  in 

.Account  Current  loith 

1852. 
June  30, 
“ 30, 
“ 30, 

“ 30, 

“ 30, 

» 30, 

To  Amount  brought  forward, 

To  Cash  paid  their  Agent  at  Northfield,  average  ]\Iay  16, 
“ Received  by  J.  H.  Peck,  part  sale  of  E.  Allen, 
“ Amount  credited  this  date,  paid  on  E.  Allen, 

;•  Rent  Charge  Dec.  1.  1850,  ( 1 

“ “ “ June  1,  1851, 1 } 

“ Labor  and  Materials  furnished  since  July  1,  1851, 
and  not  charged  in  the  Book  Account,  average  date 
say  Julv  1,  1852, 

$160,501  30 
2,380  53 
5,025  03 
561  00 

! 6,974  00  ( 

23,724  00  ) 

72,880  92 
14,479  25 
56,122  54 

Int.  to  .Inly  1,1853. 
$7,873  31 

35  70 

84 

09 

4,201  81 

4,372  86 

“ 30, 

“ Balance  of  Interest, 

“ 30, 

“ Amount  of  extra  Interest  paid  for  their  Account, . . . 

$342,648  57 

$16,484  61 

1853. 
July  1, 

To  Balance  due,  brought  down, 

$254,682  09 

TABLE  L — (CoMTiNUEB.) 


19 


the  Vermont  Central  Railroad  Company  for  Advances.  Cr. 


1553. 

By  Amount  brought  forward, 

$65,184  90 

Int.  to  July  1,1853. 
$1,995  90 

June  23, 

By  Cash  of  their  Treasurer, 

7,000  00 

9 33 

“ 30, 

“ “ paid  on  E.  Allen, 

561  00 

09 

“ 30, 

“ “ short,  supposed  to  be  in  Vt.  Central’s  cash  over, 

220  58 

04 

“ 30, 

“ Proceeds  of  Sale  of  E.  AUen, 

15,000  00 

“ 30, 

“ Balance  of  Interest  carried  to  debit  in  Account,. . . . 

14,479  25 

“ 30, 

“ “ “ Account  carried  down, 

254,682  09 

$342,648  57 

$16,484  61 

' 

20 


TABLE  I.  — (Continued.) 


MEMORANDUM  OF  CHARGES 
Against  the  Vermont  and  Canada  Railroad^  constructed  hy  the  Committee, 
the  items  not  having  been  heretofore  included  in  the  Account  as  settled 
between  the  two  Companies. 


To  Loss  on  Sale  of  their  Stock,  received  at  par  value, 

$13,885  93 

“ “ “ Albany  “ “ “ “ 

212  84 

“ Interest  Account  on  their  Ledger,  to  their  debit,  charged  the  Vennont  Central 
Railroad, 

12,279  48 

“ C.  0.  "iMiitniore’s  Salary  as  Chairman  of  Finance  Committee  of  their  Board, 
paid  bv  them,  but  charged  to  this  Companv, 

2,128  88 

“ John  Smith’s  Salary’ as  President,  &c.,  for  Services  whilst  the  work  was  in  an 
unfinished  state,  paid  by  them,  but  afterwards  charged  to  this  Company,  . . 

3,046  37 

“ Loss  on  Steamer  “ Ethan  Allen,”  bought  and  paid  for  by  them,  and  used  in 
transporting  Passengers  and  Freight  until  the  Bridging  of  Lake  Champlain, 
and  then  charged  at  full  cost  to  this  Company,  who  sold  her  at  a loss  of  . . . 

11,527  92 

“ Wharfage  Bill  on  Iron  omitted  to  be  charged  to  them  when  paid  by  the  Vermont 
Central  Raikoad,  September  24th,  1850, 

98  58 

“ Discount  paid  on  Notes  received  of  them  in  papnent  for  monies  borrowed,  and 
charged  to  the  Vennont  Central  Railroad  Ty  them,  for  their  face  as  cash, 
although  pavable  on  time,  

13,055  84 

“ Interest  paid  on  biUs  of  L'on,  said  bills  being  credited  to  the  Vermont  Central 
Railroad  for  their  amount  as  cash,  but  on  which  the  Vennont  Central 
Railroad  paid  Interest  for  the  time  during  which  the  Notes,  given  in  settle- 
ment, were  to  run, 

4,840  72 

“ Interest  and  Exp>enses  paid  upon  the  Notes  of  theirs  assumed  by  the  Vermont 
Central  RaUroad,  credit  for  the  face  of  the  Notes  only  having  been  given, , . 

3,743  85 

“ Amount  paid  them  as  ^ Rent  ” from  December  1st,  1849,  to  June  1st,  1851,  it 
being,  in  fact,  Interest  to  Stockholders  on  Assessments  during  the  construc- 
tion ot  their  Road,  and  as  such  properly  to  be  charged  to  Construction 
Account  bv  them 

30,698  00 

“ Materials,  labor,  use  of  engines,  with  enginemen,  firemen,  fuel,  oil,  waste,  and 
cars,  not  before  chai'ged,  estimated  as  per  accounts  annexed,  (pages  21,  22, 
23,  24,  25,  26,)  now  rendered,  at 

72,880  92 

“ Balance  of  Interest  Accoimt  on  all  the  transactions  between  the  two  Companies, 
as  stated  on  their  books,  on  which  no  Interest  has  before  been  aUowed, 

28,061  27 

“ Estimated  amount  of  Interest  above  Six  per  Cent,,  which  this  Company  paid 
for  Monies  raised  for  the  use  of  the  Vennont  and  Canada  Company,  the 
average  rate  being  about  Eighteen  per  cent 

56,122  54 

$252,583  14 

TABLE  I.  — SCHEDULE  A. 


in 

SCHEDULE  A. 


The  following  Items  and  Amounts  are  in  Vouchers  of  the  Vermont  Central 
files^  charged  in  Construction  of  Vermont  Central  Road^  which  should 
' he  charged  to  Construction  of  the  Vermont  and  Canada. 


Building  eight  Water  Houses, 

$2,588  53 

Two  of  these  Water  Houses  were  built  on  the  Vei-mont 
and  Canada  Road,  say  one-quarter  of  ^2,588.53, . . 

$647  13 

Water  Tanks  made  in  the  shop,  and  not  included  in 
above,  estimated  by  Babcock, 

124  00 

Frame  and  Clapboards  for  Colchester  Water  House,  . . . 

150  00 

Labor  and  Stock  for  W.  Alburgh  Freight  House, 

1,967  86 

For  West  Alburgh  Tenements,  over  and  above  the 
amount  paid  G.  F.  Harris  on  Contract, 

491  26 

Windows  and  Freight  Bills  St.  Albans  Freight  House, 

104  38 

Sundry  Items  for  Colchester  Station, 

196  71 

Temporary  Wood  Shed,  $25 ; Fencing,  Castings,  Lime, 
and  Land  Damages,  $327.29, 

352  29 

Freight  on  Materials  and  Manufactured  Stock  sent 
from  Station  to  Station, 

702  63 

About  fifty  Frogs,  a $45, 

2,250  00 

Total  Amount, 

$6,986  26 

22 


TABLE  L — SCHEDULE  B. 


S C H E D U I.  E B 


The  following  Items  and  Amounts  are  charged  on  the  Books  of  the  North- 
field  Shop,  as  furnished  hij  3Ir.  Cromhie,  against  the  Vermont  and 
Canada  Railroad  Co. 


1S52. 


Ang,  16, 
“ 31, 
“ 31, 

“ 31, 


Dec. 


31, 

31, 

31, 


1852. 

Nov.  29, 
Dec.  16, 


1852. 
Oct.  4, 


Vekmoxt  a>T)  Canada  R.  R.  Co. 

To  Jas.  ]\Iason  & Brothers,  Dr. 

To  Building  Passenger  Station,  St.  Albans, 

“ Extra  ibi  Slate  instead  of  Shingles, 

“ Building  Engine  House  as  per  agi’eement, 

“ three  loads  Stone,  and  lengthening  out  Culverts, .'. . 

“ ten  bushels  i\Iortar,  and  work  on  Turn  Table, 

“ Furnishing  and  laying  91 J perches  Stone  Tank 

House, 

“ Cleaning  old  Bricks,  and  Bricking  in  Tank  House, 

and  i\iortar, 

“ Furnishing  1,339  Bricks  for  same, 

“ Lading  3,840  Bricks  in  pits,  and  furnishing  ^lortar, 
“ Furnishing  and  laying  3,600  Bricks  in  Abutments, 

“ ten  days  laying  Stone  around  Turn  Table, 

“ Bricking  OMce  in  Freight  House,  as  per  agi-eement, 

[Approved.] 

Vermont  and  Canada  R.  R.  Co. 

To  Herrick  &:  Bliss,  Dr. 

To  i\Iaking  addition  to  "Water  House  and  Wood  Shed, 
12  feet,  and  finishing  same  and  painting  as  per 

agreement, 

“ 67  feet  Wood  Shed,  and  finishing  old  Shed,  includ- 
ing painting  and  Crib  for  wood, 

“ 125  feet  Wood  Shed,  a $2.50, 

“ Foundation  for  do., 

“ 2,399  feet  Lumber  for  Cattle  Passes, 

“ 23  davs’  work  on  “ “ 

“ Nails,'. ..  .• 

“ 2^  days’  lengthening  Platform,  Passenger  Station,. . 

[Approved.] 

Vermont  and  Canada  R.  R.  Co. 

To  Nashea  Lock  Co.  Dr. 

To  Bill  Locks  and  Knobs, 

“ “ Knobs, 


[Approved.] 

Verzuont  and  Canada  R.  R.  Co. 

To  W.  C.  Smith,  Dr. 

To  1 Box  Stove  for  Georgia  Station, 

“ 16  Joints  Pipe,  $2.67;  1 Elbow  25  c;  11  I’c 


97  c. 

“ 1 Box  Stove  for  Colchester, 

“ 1 “ “ “ Rouse’s  Point, 

“ 1 Settee  and  6 Chairs  for  Colchester, , 

“ 7 Frogs,  Campbell, 

[A.pproved,  Nov.  23.] 


lC-16  Zinc, 


$5,760 

i 

00 

360 

00 

1,950 

00  ! 

8 

75  1 

5 

00  ! 

137 

63  1 

45 

1 

SO  1 

6 

02  ! 

11 

52  1 

25 

20  1 

17 

50  1 

3 

00 

$186 

09 

242 

04 

312 

50 

30 

00 

21 

59 

34 

50 

1 

00 

3 

75 

$39 

00 

8 

00 

$6 

00 

I 3 

89 

I 6 

00 

5 

00 

8 

00 

i 315 

j 

00 

$8,380  42 


$831  47 


$47  00 


$S4S 


TABLE  I.— SCHEDULE  B.  — (Continued.) 


23 


Amounts  charged  on  the  Books  of  the  JYorthfeld  Shop,  Sfc. 


Vermont  and  Canada  R.  R.  Co. 

h 

1 1 

To  E.  N.  Spaulding,  Dr. 

1852. 

Nov.  22, 

To  2,316  feet  Spruce  Lumber,  a $9, 

$20  84 

$20  84 

[Approved,  Nov.  22.] 

1 

Vermont  and  Canada  R.  R.  Co. 

1 

To  E.  Randall,  Dr. 

1852. 

Nov.  2. 

To  Building  Passenger  and  Freight  Stations  at  Georgia, 

as  per  Contract, 

$700  00 

“ 52  42-100  vards  of  Stone  Masonrv,  a $2.25, 

117  94 

“ Building  Tenement  in  Station  extra, 

250  00 

“ Building  Wood  Shed,  100  by  28  feet,  at  Colchester, 

as  per  Contract, 

250  00 

“ 20  Tamarack  Posts  set  for  foundation, 

20  00 

1 $1,337  94 

[Approved.] 

■ - 

Vermont  and  Canada  R.  R.  Co. 

To  W.  C.  Smith,  Dr. 

1852. 

1 

Dec.  15, 

To  2 Box  Stoves  for  Engine  House,  1,372  a 4, 

, $54  88 

“ 182|  lbs.  A.  I.  Pipe,  a 7^  cents,  

13  69 

“ 2 Long  Bolts,  $1 ; 2 Elbows,  50  c. ; 1 Joint  Pipe,  17  c. 

1 69 

“ Putting  up  Pipe, 

1 00 

“ 2 five-inch  Elbows,  50  c.;  Avue  and  putting  up 

Pipe,  $1.06, 

1 56 

“ 16, 

» 585  lbs.  1-^  inch  Lon  for  Depot,  4 c. ; welding  and 

work,  $6, 

29  40 

“ 16, 

“ 28^  lbs.  R.  I.  Pipe  at  Depot,  20  c. ; 3 Stoppers,  Is.  . . 

6 25 

“ 13]^  lbs.  Zinc,  10  c. ; work  at  Depot,  80  c 

2 13 

“ 18, 

“ 68  10-16  lbs.  R.  1.  Pipe  for  Depot,  20  c. ; 3 Collars, 

I 

51  c.;  7 1-8  Zinc, 

14  95 

“ Work  at  Depot, 

1 50 

“ 20, 

“ 1 Parlor  Stove  for  Depot,  $8.50;  2 Drums,  $5.29,. . . 

29  66 

“ 22, 

“ 1 No.  2 Box  Stove  for  Depot,  $4.38 ; 8 Joints  Pipe, 

$1.33,  

5 71 

j 

“ 22 

“ 1 Elbow,  25  c. ; work  on  above,  62  c 

0 87 

“ 2.3’, 

“ 2 Drums,  534  lbs.  4 c 

21  36 

“ 25, 

! “ 1 Frog  at  St.  Albans, 

45  00 

“ 29, 

“ 38  lbs.  R.  I.  Pipe  for  Depot,  20  c. ; Avork  at  Depot, 

8 20 

“ 29, 

“ 1 Frog  at  Colchester, 

45  00 

“ 31, 

“ 1,294  lbs.  Round  and  Square  Lon  in  SAvitches,  $51  76 

“ 31, 

“ 60^  lbs.  Swedes  Iron, 3 33 

“ 31, 

“ Work  on  same, 29  48 

84  57 

$367  34 

Credit 

: 

By  208  lbs.  old  Lead, $6  24 

‘‘  184  lbs.  Waste, 1 29 

$7  53 

[Approved.] 

Vermont  and  Canada  R.  R.  Co. 

1 

To  W.  C.  Smith,  Dr. 

1853. 

Jan.  1, 

To  1 Bolt  at  Depot,  25  c.;  13  1.3-16  Zinc,  $1.38, 

$1  63 

“ 6 Bolts,  81^  lbs.  a 9 c.  $7.34;  12  Washers,  59,  236, 

9 70 

“ 4, 

“ 1 No.  6 Box  Stove  for  W.  Alburgh,  per  Barrett, 

9 00 

“ r. 

“ 1 Large  “ “ “ “ 686  lbs.  4 c 

27  44 

Amount  carried  forward, 

$4^7  77 

21 


TABLE  L — SCHEDULE  B.  — (Continued.) 


Amount  charged  on  the  Books  of  the  JVorthfeld  Shop, 


1 Amount  brought  forward, 

$47  77 

I To  1 Ash  Pail,  75  c.;  Shovel  and  Tongs,  84  c 

$1  59 

, 1 “6  Chairs,  S3 ; 1 MiiTor,  SI. 50,  for  Alburgh, 

4 50 

, ! “2  Lamps,  SI. 25;  6 Chairs,  S6:  Wash  Stand,  S2.50, 

9 75 

, ' “1  Sofa,  S16;  Dressmg  Table,  S2.50;  Muror,  $2.25, 

20  75 

, 1 “26  lbs.  E.  I.  Pipe,  20  c.  $2.50;  8^  Zinc,  10  c.  85  c. 

6 05 

, ; “ 3J  lbs.  A.  I.  Pipe,  35  c. ; putting  up  same,  30  c 

0 65 

, i “ 43  6-16  lbs.  E.  I.  Pipe,  20  c. ; 13^  Zinc,  10  c 

10  41 

i “ Work  on  same,  $1.25 ; putting  up,  50  c 

1 75 

1 “ IJ  lbs.  E.  I.  Pipe,  30  c. ; Stove  Pipe  Stop,  17  c 

0 47 

i “ 131  feet  Pine  Quoin,  a Sl8, 

2 35  j 

j “ Furnishing  3 Xuts  and  1 Bolt, 

1 00 

1 

1 [Approved.] 

— 

j Vermont  and  Canada  E.  E.  Co. 

[ 7b  J.  & J.  H.  Peck  & Co.  Dr. 

1 

I To  13  Bars  4 inch  square  Iron,  ) 

“7  “ “ “ “ J 

$38  75  1 

Ordered  by  J.  D.  CampbeU,  Esn.  for  Missisco  Bay 

j 

Bridge. 

[Approyed.] 

1 

V ERMONT  AND  CANADA  E.  E.  Co. 

1 

To  T.  C.  Emery,  Dr. 

, To  6 Office  Chairs,  $1.50,  ) 

i 

“ 2 “ Stools,  j 

i £nt’d  OD  Shop  Stock.  ' 

[Approved.] 

Vermont  and  Canada  E.  E.  Co. 

To  John  Sherburn,  Dr. 

To  Cash  paid  for  John  Sullivan  while  at  Missisco  and 

West  Alburgh,  to  work  for  the  Company, 

Eot’d  on  Shop  Stock. 

[Approved.] 

Vermont  and  Canada  E.  E.  Co. 

To  E.  Eandall,  Dr. 

To  Building  Wood  Shed  at  Essex,  250  bv  28  feet 

$625  00 

“ Foundation  for  the  same “ ’ 

43  00 

“ Water  Station,  as  per  asreement, ...  . 

190  00  ■ 

“ 23  vards  Stone  Foundation,. . . . 

51  75 

“ Building  V ater  Closets,  Platform  to  Shed,  Eoofino- 

Oil  Spanway  between  Slie-d  and  V ater  Station, 

and  Eoof  for  wood,  384  da  vs,  a $1.80..  . 

68  80  i 

“ 4,348  feet  of  Lumber, 

37  10  ■ 

“ 6,000  Shindes 

9 00 

“ 150  lbs.  Nails, 

6 00 

“ I earn 

1 50 

“ 5,650  feet  of  Plank  at  Colchester. 

36  85 

i “ 100  lbs.  Spikes i 

4 00 

j “ 12  days’  work, 1 

19  44 

' “ Team, 1 

3 00 

1 “ Platforai  at  Georgia I 

3 00  ; 

! “ Building  Passenger  and  Freight  Stations  at  Albrn'o-h 

j Springs, ° 1 

730  00  i 

J “ 65  vards  Stone  Foundation,  a $2.25, 

146  25  i 

! Amount  carried  forward,  . . | 

$1,974  69  1 

1852. 
;ov.  le 
“ 29: 


1853. 


1853. 
Jan.  15, 


1853. 
Jan.  13, 


$107  04 


TABLE  1.  — SCHEDULE  B.  — (Continued.) 


25 


Amount  charged  on  the  Books  of  the  JYorthfeld  Shop,  ^'c. 


1853. 
Jan.  13, 


1853. 
Feb.  5, 


1853. 
Feb.  9, 
“ 11, 


1853. 
Jan.  12, 
Feb.  17, 


1852. 
Mar.  1, 


1853. 
Jan.  1, 


Amount  brought  forward,. 


To  600  Bricks  in  pens, 

“ Freight  Station  at  West  Alburgb, 

“ Paid  Freight, 

“ “ Fare, 


[Approved.] 

Vermont  and  Canada  R.  R.  Co. 

To  Henry  Stevens,  Dr. 

To  Furnishing  Materials  and  building  two  Wood  Sheds, 
100  by  24  feet  each,  at  Georgia,  as  per  agreement, 
“ Excavating  for  Sheds,  agreed, 


[Approved.] 

Vermont  and  Canada  R.  R.  Co. 

To  W.  C.  Smith,  Dr. 

To  3 Settees,  1 at  St.  Albans  and  2 at  Alburgh,  $4.50, . . 

“ 1 Table  and  2 Rocking  Chairs, 9 25 

“ 1 pair  Shears,  38  c.;  1 Table  Spread,  $1.13,  1 51 

“ 3 yards  Towelling, 75 

“ 1 Solar  Lamp,  $3.25;  1 Ewer  and  Basin,  ...  4 25 

“ 1 Pitcher,  50  c. ; 1 Tumbler,  8 c.  at  I.  Allen,  50  c. 

“ 11  feet  Pine,  22  c. ; Iron  and  work,  7 ; Truss  for 
Herrick, 


[Approved,  March  15,  1853.] 

Vermont  and  Canada  R.  R.  Co. 

To  Hiram  Colony,  Dr. 


To  Painting  2 Desks, 

“ “ 4 Wood  Boxes, 


[Approved,  March  15,  1853.] 

Vermont  and  Canada,  R.  R.  Co. 

To  Vermont  Central  R.  R.  Co.  Dr. 

To  Construction  of  Depots  from  March  1,  1852,  to  say 

March  15,  1853, 

“ Construction  of  Road  same  time, 

“ “ “ Bridges  “ “ 

“ “ Wood  and  Water  House,  Missisco, 


Estimate  of  value  of  Materials  and  Labor  furnishd 
during  eight  months,  from  July  1,  1851,  by  an 
average  of  $4,574.40  per  month, 


$1,974  69 

6 00 
340  00 
7 72 
4 15 


$200  00 
5 00 


$13  50 


16  34 
5 54 


Ent’d  on  Shop  Stock. 


$2,332  56 


$205  00 


$35  38 


$1,153  90 
473  58 
224  35 
450  00 


This  estimate  is  made  upon  an  average,  taking  as  a 
basis  the  admitted  expenditures  for  similar  items  j 
during  the  year  previous,  and  the  year  succeeding.  ' 
This  course  the  Committee  were  obliged  to  adopt,  as 
all  the  records  relating  to  this  period  were  destroyed  by 
the  first  fire  at  Northfield. 


Estimate  for  use  of  Engines  and  Cars  since  July  1, 
1851,  for  which,  with  the  Enginemen,  Firemen, 
Fuel,  Oil  and  Waste,  no  credit  has  been  given  by 
the  Vermont  and  Canada  R.  R.  Company,  viz: 


$2,301  83 


$36,595  20 


TABLE  L — SCHEDULE  B.  — (Continued.) 


1:0 


Materials  and  Labor  from  July,  1851,  to  March  1,  1851. 


2 Engines,  with  Ensrinemen,  Firemen,  Fuel,  Oil  and 
Waste,  from  luly  1,  1851,  to  Dec.  1,  1851,  6 

1 f\T  1 nfi  . 

S6,240  00 

6,760  00 

1 Engine,  with  same,  from  Dec.  1, 1851,  to  Jan.  1,  1853, 

^ 13  inontlis  or  3*^^  ^ . 

44  Gravel  Cars  for  the  first  6 months,  and  26  Gravel 
Cars  for  the  last  13  months,  the  Committee  have  made 
i no  charge  for. 

i i 

: 1 

The  Committee  are  satisfied  that  much  work  was  in  fact  done  by  the  Y ermont 
Central  for  the  Vermont  and  Canada,  and  a great  quantiV^  of  materials  furnished, 
for  which  no  charge  is  made  in  the  above.  It  is  well  known,  however,  that  the 
Central  has  continued,  to  this  day,  to  carr^’  on  the  work  of  construction  for  the 
Vermont  and  Canada;  and  that  a considerable  proportion  of  the  expense  is  so 
charged  to  the  Vermont  Central  on  their  books,  to  their  own  construction  account, 
that  it  cannot  be  separated  from  their  own  legitimate  expenditures.  Xo  charge 
is  here  specified  for  the  services  of  the  officers  of  the  Central,  whilst  engaged  in 
behalf  of  the  Canada,  altlibugh  an  apportionment  of  the  salaries  pffid  them  should 
undoubtedly  be  made.  It  having  been  understood,  at  least  in  one  case,  (]Mr.  Paine’s,) 
that  his  salary  of  So, 000  per  annum  was  to  compensate  him  for  his  services  as 
Constructing  Agent  of  the  V ermont  and  Canada ; notwithstanding  which,  the 
Canada  has  never  to  the  knowledge  of  the  Committee  paid  anj-thing  towards  them. 

Xor  is  anything  charged  here  for  the  rent  paid  to  the  V ermont  and  Canada  upon 
notes  given  for  Stock  Subscriptions,  on  which  Stock  interest  was  paid  to  the  holder. 

It  will  of  course  be  understood  that  these  charges  are  omitted  simply  because  no 
approximate  estimate  can  be  made  upon  which  to  base  them. 


TABLE  II. 


STATEMENT  CONCERNING  THE  “STOCK  ACCOUNT/’ 


When  the  examination  was  commenced,  the  “ Stock  Balance  Sheet  ” showed  an 
apparent  over  issue  of  2192  Shares.  It  appeared  that  the  latest  date  when  a corre.-t 
“ Balance  ” was  obtained,  was  July  1st,  1850.  This  apparent  over  issue  proved  to  be 
a series  of  errors,  except  in  the  case  referred  to  below,  in  regard  to  five  Sliares 
which  are  all  that  were  really  over  issued.  The  following  are  the  errors  whieh 
resulted  in  the  discrepancy  above  stated  : — 

One  Stockholder  received  a Certificate  of  10  Shares  of  Stock,  while  the.  “ Stock 
Account”  did  not  represent  the  Shares  as  fully  paid  for;  owing  to  a dividi-nd,  due 
this  Stockholder  and  ordered  to  be  applied  to  the  balance  due  on  the  Shares,  not 
having  been  so  applied  upon  the  Books  of  the  Company,  but  still  remaining  there  ds 
a dividend  due  this  party. 

Another  Stockholder  received  a Certificate  of  5 Shares,  while  the  ‘‘  Stock 
Account  ” represented  him  as  still  owing  $50  on  them ; but  the  press  copy  of  the 
letter  enclosing  him  his  Certificate,  proves  the  money  to  have  been  sent  to  the  ofilce* 
although  it  is  not  found  credited  upon  the  Books  of  the  Company. 

A broker  was  credited  with  100  Shares  transferred  by  him  to  another  party.  Instead 
of  being  debited,  with  this  transfer. 

The  footing  of  one  Stockholder’s  Shares  was  too  large  by  10  Shares. 

The  balance  of  another’s  Shares,  was  transferred  to  the  present  Stock  Ledger  (Voin 
the  old  Ledger,  as  2 Shares  instead  of  10  Shares ; and  one  other  was  tnmsferred  as  4 
Shares  Instead  of  24  Shares. 

The  Vermont  Central  R.  R.  Company  was  twice  credited  with  1990  Shares;  tin,', 
amount  standing  to  its  credit  in  an  account  called  “ Forfeited  Stock,”  and  the  same. 
Shares  standing  to  its  credit  in  an  account  entitled  “ The  Treasurer  in  Trust.” 

A broker’s  account  was  through  mistake  overdrawn  5 Shares,  the  clerk  making 
that  amount  of  error  in  stating  to  him  the  balance  remaining  to  his  credit,  which  he 
transferred  to  another  party.  This  over  issue  or  over  draft  was  made  good  by  the 
broker  upon  communicating  the  facts  in  the  case  to  him. 

All  the  above  errors  having  been  rectified,  “ The  Balance  Sheet  of  Stock  Account” 
now  stands  correct. 

During  the  examination,  an  error  was  discovered  not  afiecting  the  “ Balance  Slieet,” 
occasioned  by  placing  150  Shares  to  credit  “ J.  Quincy,  Jr.,  ’ instead  of  “ J.  (Quincy, 
Jr.,  Treasurer  in  Trust”  (for  the  Company;)  and  Mr.  C)ulncy  having  disposed  of  thi.s 
Stock,  supposing  it  to  be  his  own,  it  now  forms  part  of  the  Comjiaiiy’s  claim  against 
his  estate.  {Appendix,,  Table  V.) 


28 


TABLE  n.  — (Continued.) 


Stock  Account  of  Vermont  Central  Railroad  Company,  July  1,  1853. 


The  Capital  Stock  is  represented  by  100,000  Shares,  at  an 
average  par  value  of  $50  per  Share,  held  in  the  following 
manner : — 

1st  Issue,  20,000  Shares,  a $100  per  Share,  representing, 

2d  “ 25,652  “ a $50  “ “ “ 

3d  “ 4,348  “ a $50  “ “ “ 

4th  ■“  50,000  “ a $30  “ “ “ 


Of  these,  there  remain  in  the  possession  of  the  Coiporation  585 
Shares,  on  wliich  assessments  have  not  been  fully  paid,  as 
follows : — 

1st  Issue, 234  Shares;  paid  in  $3,744.50;  still  due, 

2d  “ 85  “ “ “ 1,185.00;  “ “ 

3d  “ 206  “ “ “ 3,308.00;  “ “ 

4th  “ 60  “ “ “ 265.00;  “ “ 


$19,655  50 
3,065  00 
6,992  00 
1,535  00 


$2,000,000  00 
1,282,600  00 
217,400  00 
1,500,000  00 


$5,000,000  00 


$8,502.50 

The  Company  also  holds  1846  Shares  Forfeited  Stock,  being 
unpaid  lor  by  S.  F.  Belknap. 

The  examination  of  the  Certificate  Books  of  Stock,  resulted  as 
follows : — 


$31,247  50 


For  79,141  Shares,  Certificates  have  been  given  out. 

“ 20,274  “ “ are  due  to  the  owners. 

“ 585  “ (unpaid  as  above)  no  Certificates  due  yet. 


100,000  Shares. 


In  addition  to  the  above,  Certificates  whicb  should  be  on  file,  as  cancelled,  are 
missing,  to  the  amount  of  1472  Shares.  Some  of  these  Certificates,  according  to  the 
entries  upon  the  Stock  Ledger,  were  returned  to  the  office,  but  cannot  now  be  found. 
The  balance  do  not  appear  ever  to  have  been  returned.  They  were  probably  never 
forwarded  to  the  office  in  Boston,  from  the  transfer  office  in  New  York,  although,  it 
seems  by  the  entries,  they  were  received  at  that  office,  for  return  to  the  Boston  office 


TABLE  III. 


BONDS  DUE  IN  1852. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

A 

Burnt, 

5000 

B 

Sold, 

5000 

$4850  00 

Cash, 

G.  H.  Kuhn, 

$150  00 

C 

5000 

4850  00 

B.  Burgess’  Estate,  . . . 

150  00 

D 

U 

5000 

4850  00 

U 

Wm.  Beals, 

150  00 

E 

u 

5000 

4850  00 

ii 

Life  Office, 

150  00 

F 

Filed, 

5000 

G 

“ 

5000 

H 

U 

5000 

I 

Sold, 

5000 

4216  50 

Stock, 

S.  F.  Belknap, 

783  50 

J 

U 

5000 

4216  50 

U 

783  50 

K 

u 

5000 

4216  50 

u 

11 

783  50 

L 

a 

5000 

0000  00 

“ 

5000  00 

M 

Burnt, 

5000 

N 

Sold 

5000 

4216  50 

Stock, 

S.  F.  Belknap, 

783  50 

0 

Burnt,  .... 

5000 

• P 

5000 

0 

Sold, 

5000 

4216  50 

Stock, 

S.  F.  Belknap, 

783  50 

R 

U 

5000 

4216  50 

783  50 

S 

u 

5000 

4216  50 

“ 

783  50 

T 

(C 

5000 

4216  50 

“ 

783  50 

U 

a 

5000 

4216  50 

U 

(C 

783  50 

V 

a 

5000 

4216  50 

u 

a 

783  50 

w 

5000 

0000  00 

5000  00 

X 

u 

5000 

4216  50 

783  50 

Y 

u 

5000 

4216  50 

u 

u 

783  50 

Z 

u 

5000 

4216  50 

u 

783  50 

AA 

Burnt, 

5000 

BB 

u 

5000 

cc 

u 

5000 

DD 

u 

5000 

EE 

(( 

5000 

FF 

ii 

5000 

GG 

u 

5000 

HH 

u 

5000 

II 

u 

5000 

KK 

(( 

5000 

LL 

5000 

MM 

5000 

NN 

Sold, 

5000 

4216  50 

Stock, 

S.  F.  Belknap, 

783  50 

00 

n 

5000 

4216  50 

“ 

“ 

783  50 

PP 

u 

5000 

4216  50 

(( 

u 

783  50 

QQ 

a 

5000 

4216  50 

u 

a 

783  50 

KR 

ii 

5000 

4216  50 

u 

783  50 

ss 

ii 

5000 

4216  50 

“ 

“ 

783  50 

TT 

Burnt, 

5000 

vv 

5000 

4216  50 

Stock, 

S.  F.  Belknap, 

783  50 

ww 

5000 

4216  50 

a 

783  50 

Altered  fill  UU 

XX 

(C 

5000 

4216  50 

“ 

U 

783  50 

YY 

u 

5000 

4216  50 

“ 

u 

783  50 

ZZ 

Collateral,  . 

5000 

WW 

Burnt, 

5000 

AAA 

“ 

5000 

BBB 

Collateral,  . 

5000 

CCC 

Burnt, 

5000 

DDU 

5000 

4216  50 

Stock, 

S.  F.  Belknnp, 

783  50 

EEE 

OUiU, 

u 

5000 

4216  50 

u 

783  50 

FFF 

u 

5000 

4216  50 

“ 

Li 

783  50 

GGG 

u 

5000 

, 4216  50 

u 

783  50 

Carried  for 

ward, 

^$133,245  50 

$31,854  50 

30 


TABLE  111.  — (Continued.) 


Bonds  due  in  1852. 


Number. 

i Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym't. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

1 Brouo'lit  for 

$133,245  50 

$31,854  50 

HHH 

, Burnt,  .... 

1 5000 

111 

“ 

5000 

KKK 

“ 

5000 

LLL 

u 

5000 

mni 

“ 

5000 

MNN 

5000 

GOO 

Sold, 

5000 

4216  50 

S.  F.  Belkmip, 

$783  50 

PPP 

5000 

4216  50 

783  50 

QQQ 

Burnt,  . . . . 

5000 

KRR 

“ 

5000 

sss 

“ 

5000 

TTT 

“ 

5000 

UUU 

“ 

5000 

VVV 

Sold, 

5000 

4216  50 

S-  F-  Pp.lknnp,  . 

783  50 

WWW 

Burnt,  . . . , 

5000 

XXX 

“ 

5000 

YYY 

5000 

ZZZ 

‘‘ 

5000 

1 

Sold, 

1000 

970  00 

Cash, 

F.dw’d  (^odmuTi 

30  00 

2 

1000 

970  00 

30  00 

3 

U 

1000 

970  00 

U 

J.  W.  Mulliken, 

30  00 

4 

“ 

1000 

970  00 

“ 

Thomas  Reed, 

30  00 

5 

“ 

1000 

970  00 

“ 

4i 

30  00 

6 

“ 

1000 

970  00 

“ 

Jas.  R.  Langdon, 

30  00 

7 

1000 

970  00 

“ 

30  00 

8 

1000 

970  00 

“ 

Geo.  Callender, 

30  00 

9 

“ 

1000 

970  00 

E.  F.  Adams, 

30  00 

10 

‘‘  1 

1000 

970  00 

u 

S.  H.  Walley  & H.  Flail, 

30  00 

11 

“ 

1000 

970  00 

“ 

30  00 

12 

“ i 

1000 

970  00 

“ 

Wm.  Beals, 

30  00 

13 

1000 

970  00 

“ 

30  00 

14 

1000 

970  00 

‘‘ 

Bowen  Burkman, 

30  00 

15 

“ I 

1000 

970  00 

E.  A.  Raymond, 

30  00 

16 

1000 

970  00 

u 

Wm.  Sabin, 

30  00 

17 

“ i 

1000 

970  00 

u 

L P.  Skinner, 

30  00 

18 

“ 1 

1000 

970  00 

“ 

A.  Thompson, 

30  00 

19 

i 

1000 

970  00 

S.  0.  Mead, 

30  00 

20 

“ 1 

1000 

970  00 

30  00 

21 

“ 

1000 

970  00 

30  00 

22 

U I 

1000 

970  00 

U 

it 

30  00 

23 

“ i 

1000 

970  00 

U 

it 

30  00 

24 

“ i 

1000 

970  00 

Horatio  Adams, 

30  00 

25 

1000 

970  00 

a 

a 

30  00 

26 

“ 1 

1000 

970  00 

ti 

DanT  Baldwin, 

30  00 

27 

n ; 

1000 

970  00 

u 

Caleb  Reed, 

30  00 

“ 1 

1000 

970  00 

“ 

it 

30  00 

29  . 

1 

1000 

970  00 

a 

30  00 

30 

U 1 

1000 

970  00 

“ 

it 

30  00 

31 

“ i 

1000 

970  00 

Amos  Farnsworth,. . . . 

30  00 

32 

“ ! 

1000 

970  00 

“ 

a 

.30  00 

33 

i 

1000 

970  00 

“ 

a 

30  00 

34 

1000 

970  00 

30  00 

35 

Piled, 

1000 

36  1 

Sold, 1 

1000 

970  00 

Cash, 

R.  Hunt, 

30  00 

37 

“ 

1000 

970  00 

44 

30  00 

38 

“ 

1000 

970  00 

Royal  Hatch, 

30  00 

39 

1000 

970  00 

das.  R.  Langdon, 

30  00 

40 

‘‘ 

1000 

970  00 

“ 

U 

30  00 

41 

1 

1000 

970  00 

44 

30  00 

42  i 

(C  1 

1000 

970  00 

u 

B.  Burgess’  Estate,  . . . 

30  00 

43  I 

1000 

970  00 

“ 

S.  Willard, 

30  00 

44 

n 1 

1000 

970  00 

“ 

E.  A.  E.  Codman,  .... 

30  00 

45  1 

1 

: 

1000 

970  00 

“ 

P.  S.  Institution, 

30  00 

1 

(Jarried  for 

ward. 

$188,575  00| 

TABLE  III.  — (Continued) 


31 


Bonds  due  in  1852. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

I 

Form 

of 

’aym't. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Brought  for 

yard, 

$188,575  00  . 

5 

5i35,525  00 

46 

50ld," 

1000 

'970  00  ( 

2Iash,  ] 

d.  S.  Institution, 

30  00 

47 

u 

1000 

970  00 

lohn  Clark, 

30  00 

48 

“ 

1000 

970  00 

((  ( 

Sampson  Reed, 

30  00 

49 

“ i ' 

1000 

970  00 

u 

30  00 

50 

u 

1000 

970  00 

li 

30  00 

51 

1000 

970  00 

11 

30  00 

52 

“ 

1000 

970  00 

“ 

30  00 

53 

(C 

1000 

970  00 

u 

Allen  Wardner, 

30  00 

54 

u 

1000 

970  00 

Caleb  Reed, 

30  00 

55 

» 

1000 

970  00 

u 

“ 

20  00 

56 

u 

1000 

970  00 

“ 

Geo.  Langdon, 

30  00 

57 

» 

1000 

970  00 

a 

Zenas  Wood, 

30  00 

58 

1000 

970  00 

ti 

Simeoti  Willard, 

30  00 

59 

u 

1000 

970  00 

“ 

S.  F.  Belknap, 

30  00 

60 

u 

1000 

970  00 

a 

U 

30  00 

61 

1000 

970  00 

U 

30  00 

62 

u 

1000 

970  00 

u 

u 

30  00 

63 

u 

1000 

970  00 

a 

80  00 

64 

u 

1000 

970  00 

u 

30  00 

65 

1000 

970  00 

“ 

30  00 

66 

1000 

970  00 

“ 

30  00 

67 

“ 

1000 

970  00 

li 

30  00 

68 

1000 

970  00 

“ 

30  00 

69 

1000 

970  00 

u 

30  00 

70 

1000 

970  00 

“ 

u 

30  00 

71 

1000 

970  00 

li 

u 

30  00 

72 

‘i 

1000 

970  00 

li 

ii 

30  00 

73 

(( 

1000 

970  00 

ii 

30  00 

74 

1000 

970  00 

ii 

30  00 

75 

u 

1000 

970  00 

ii 

u 

30  00 

76 

1000 

970  00 

30  00 

77 

1000 

970  00 

H.  A.  Wilcox, 

80  00 

78 

a 

1000 

970  00 

li 

S.  F.  Belknap, 

30  00 

79 

u 

1000 

970  00 

li 

30  00 

80 

U 

1000 

970  00 

a 

“ 

30  00 

81 

a 

1000 

970  00 

ii 

ii 

30  00 

82 

a 

1000 

970  00 

“ 

“ 

80  00 

83 

u 

1000 

970  00 

li 

30  00 

84 

u 

1000 

970  00 

“ 

30  00 

85 

1000 

970  00 

“ 

“ 

30  00 

86 

it 

1000 

970  00 

a 

11 

20  00 

87 

u 

1000 

970  00 

ii 

11 

30  00 

88 

u 

1000 

970  00 

li 

R.  G.  Shaw, 

30  00 

89 

u 

1000 

970  00 

S.  F.  Belknap, 

30  00 

90 

Destroyed, . 

1000 

91 

Snlfl 

1000 

1 970  00 

1 “ 

S.  Belknap, 

30  00 

92 

u 

1000 

1 977  00 

1 “ 

u 

30  00 

93 

1000 

1 970  OC 

1 “ 

ii 

30  00 

94 

1000 

1 970  00 

1 “ 

“ 

30  00 

95 

lOOC 

f 870  OC 

1 “ 

li 

30  00 

96 

, “ 

lOOC 

• 970  OC 

1 “ 

30  00 

97 

(C 

lOOC 

1 970  OC 

» “ 

30  00' 

98 

! “ 

lOoC 

» 970  OC 

) “ 

30  OOj 

9S 

1 “ 

lOOC 

) 970  OC 

) “ 

li 

30  00 

IOC 

1 “ 

loot 

) 970  OC 

) “ 

30  00! 

101 

u 

lOOC 

) 970  OC 

) “ 

30  00 

102 

100( 

) 970  OC 

) “ 

“ 

80  00 

10£ 

! “ 

100( 

) 970  0( 

) “ 

“ 

30  00 

10^ 

t “ 

100( 

) 970  0( 

3 “ 

“ 

30  00 

IOe 

) “ 

100( 

) 970  0( 

3 “ 

“ 

30  00 

10( 

100( 

) 970  0( 

3 “ 

“ 

30  00 

; io\ 

r “ 

100( 

3 970  0( 

3 “ 

30  00 

' 10{ 

? “ 

100( 

3 970  0( 

3 “ 

“ 

30  00 

i io< 

3 “ 

100( 

3 970  0( 

3 “ 

“ 

30  00 

L 

Carried  fo 

r,ward, 

$249,685  01 

Remarks. 


32 


TABLE  III.  — (Continued.) 


Bonds  due  in  1852. 


Number 

Disposition. 

Desig 

nation 

Proceeds. 

Mode 

of 

Paym’l 

By  whom 

t.  Negociated. 

Amount. 

of 

Discount. 

Remarks. 

1 Brought  fo 

r ward. 

$249,685  00 

$37,415  0( 

[) 

IK 

) Sold, 

$100 

1 970  00 

Cash, 

S.  F.  Belknap, 

30  0( 

[) 

11 

100 

1 970  00 

a 

30  01 

3 

111 

“ 

100 

970  00 

u 

“ 

30  0( 

3 

IK 

100 

970  00 

“ 

80  0( 

3 

IK 

100 

970  00 

u 

J.  J.  Dixwell, 

30  0( 

3 

Ilf 

» 

100( 

970  00 

“ 

a 

30  0( 

3 

lie 

100( 

970  00 

u 

“ 

30  0( 

3 

117 

U 

100( 

970  00 

S.  F.  Belknap, 

30  0( 

) 

11^ 

100( 

970  00 

iC 

30  0( 

) 

11£ 

“ 

100( 

970  00 

“ 

“ 

30  0( 

) 

12C 

“ 

100( 

970  00 

U 

a 

30  0( 

) 

121 

lOOC 

970  00 

“ 

“ 

30  OC 

) 

122 

u 

lOOC 

970  00 

ii 

“ 

30  OC 

) 

123 

lOOC 

970  00 

“ 

Parsons  & Dixwell,. . . 

30  OC 

1 

124 

1000 

970  00 

“ 

S.  F.  Belknap, 

30  OO 

( 

12o 

i “ 

1000 

970  00 

“ 

ii  ^ 

30  OO 

1 

126 

1000 

970  00 

“ 

30  00 

1 

127 

1000 

970  00 

“ 

ii 

30  00 

1 

128 

1000 

' 970  00 

ii 

ii 

30  00 

129 

1000 

I 970  00 

ii 

30  00 

130 

1000 

843  30  Stock, 

ii 

156  70 

131 

u 

1000 

970  00 1 Cash, 

JS.  M.  Felton, 

30  00 

132 

“ 

1000 

843  30  Stock, 

S.  F.  Belknap, 

156  70 

133 

“ 

1000 

843  30 

“ 

156  70 

134 

1000 

843  30 

ii 

U 

156  70 

135 

“ 

1000 

843  30 

“ 

ii 

156  70 

136 

1000 

843  30 

ii 

ii 

156  70 

137 

Burnt, 

1000 

138 

Isold, 

1000 

843  30  1 

Stock. 

S.  F.  Belknap,  . . . 

156  70 

139 

“ 

1000, 

i 970  00  Cash, 

30  00 

140 

1000 

970  00: 

“ 

a 

30  00 

141 

“ 

1000 

970  00 

a 

30  00 

142 

u 

1000 

970  00 

“ 

30  00 

143 

ll 

1000 

970  00 

“ 

a 

30  00 

144 

“ 

1000 

970  00 

a 

“ 

30  00 

145 

1000 

843  30  Stock, 

156  70 

146 

“ 

1000 

843  30 

ii 

“ 

156  70 

147 

“ 

1000 

970  00  Cash, 

30  00 

148 

1000 

970  001 

“ 

a 

30  00 

149 

1000 

970  00 

a 

30  00 

150 

“ 

1000 

970  00 

“ 

a 

30  00 

151 

“ 

1000 

970  00 

“ 

ii 

30  00 

152 

u 

1000 

970  00| 

a 

a 

30  00 

153! 

1000 

970  00| 

“ 

» 

30  00 

154 

1000 

970  00 

“ 

a 

30  00 

155 

“ 

1000 

970  00 

I 

“ 

30  00 

156 

il 

1000 

970  00 

“ 

30  00 

157 

“ 

1000 

970  00 

1 

a 

30  00 

158 

u 

1000 

970  OOi 

“ 

30  00 

159 

Filed, 

1000 

160  1 

Sold, 

1000 

970  00  Cash, 

S.  F.  Pohhins 

30  00 

161 

(1 

1000 

843  30'Stock,'l 

S.  F.  Belknap, 

156  70 

162 

“ 

1000 

843  30 

ii 

156  70 

163 

“ 

1000 

843  30 

a 

156  70 

164 

“ 

1000 

843  30 

“ 

a 

156  70 

1651 

1000 

000  00 

1000  00 

166 

li 

1000 

843  30 

a 

“ 

156  70 

167 

“ 

1000 

843  30 

“ 

a 

156  70 

168 

“ 

1000 

843  30 

» 

a 

156  70 

169 

“ 

1000 

843  30 

a 

156  70 

170| 

“ 

1000 

843  30 

“ 

a 

155  70 

171 

“ 

1000 

833  30 

“ 

a 

156  70 

1721 

“ 

1000 

843  30 

a 

156  70 

173 

1000 

843  30 

“ 

“ 

156  70 

1 

Carried  forp 

vard. 

$306,194  30 

?39,615  00 

TABLE  III.  — (Continued.) 


8d 


Bonds  due  in  1852. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

174 

Brought  for 
Sold, 

ward, 

$1000 

1000 

$306,194  30 
843  30 

Stock, 

S.  F.  Belknap, 

$39,615  00 
156  70 

175 

970  00 

Cash, 

Parsons  «&;  Dixwell,. . . 

30  00 

176 

“ 

1000 

970  00 

“ 

Li 

30  00 

177 

1000 

970  00 

U 

S.  F.  Belknap, 

30  00 

178 

“ 

1000 

970  00 

u 

LL 

30  00 

179 

1000 

970  00 

ii 

30  00 

180 

(( 

1000 

970  00 

“ 

E.  B.  Foster, 

30  00 

181 

u 

1000 

970  00 

“ 

ii 

30  00 

182 

“ 

1000 

970  00 

u 

a 

30  00 

183 

u 

1000 

970  00 

u 

30  00 

184 

ii 

1000 

970  00 

u 

a 

30  00 

185 

u 

1000 

843  30 

stock. 

S.  F.  Belknap, 

156  70 

186 

(i 

1000 

1000  00 

Cash, 

0.  S.  Chapman, 

00  ooi 

187 

(C 

1000 

1000  00 

“ 

a 

00  00 

188 

iL 

1000 

970  00 

“ 

S.  F.  Belknap, 

30  00 

189 

U 

1000 

970  00 

U 

30  00 

190 

u 

1000 

970  00 

Li 

30  00 

191 

u 

1000 

843  30 

Stock, 

Li 

156  70 

192 

1000 

843  30 

“ 

LL 

156  70 

193 

1000 

843  30 

U 

ii 

156  70 

194 

“ 

1000 

843  30 

“ 

ii 

156  70 

195 

1000 

1000  00 

Cash, 

J.  J.  Solev, 

00  00 

196 

“ 

1000 

843  30 

Stock, 

S.  F.  Belknap, 

• 156  70 

197 

1000 

970  00 

Cash, 

S.  E.  Robbins, 

30  00 

198 

u 

1000 

970  00 

a 

30  00 

199 

(( 

1000 

970  00 

U 

30  00 

200 

(( 

1000 

843  30 

Stock, 

S.  F.  Belknap, 

156  70 

201 

“ 

1000 

970  00 

Cash, 

S.  E.  Robbins, 

30  00 

202 

u 

1000 

970  00 

a 

U 

30  00 

203 

u 

1000 

970  00 

U 

30  00 

204 

“ 

1000 

970  00 

U 

u 

30  00 

205 

(( 

1000 

843  30 

Stock, 

S.  F.  Belknap, 

156  70 

206 

u 

1000 

843  30 

a 

156  70 

207 

“ 

1000 

343  30 

u 

“ 

156  70 

208 

u 

1000 

970  00 

Cash, 

S.  E.  Robbins, 

30  00 

209 

“ 

1000 

970  00 

ii 

30  00 

210 

“ 

1000 

843  30 

Stock, 

S.  F.  Belknap, 

156  70 

211 

1000 

843  30 

u 

156  70 

212 

1000 

843  30 

u 

156  70 

213 

u 

1000 

843  30 

a 

156  70 

214 

“ 

1000 

970  00 

Cash, 

Davenport  & Bridges, . 

30  00 

215 

u 

1000 

970  00 

“ 

30  00 

216 

ll 

1000 

970  00 

“ 

S.  E.  Robbins, 

30  00 

217 

u 

1000 

970  00 

it 

“ 

30  00 

218 

“ 

1000 

970  00 

ii 

“ 

30  00 

219 

it 

1000 

970  00 

“ 

30  00 

220 

1000 

970  00 

Li 

“ 

30  00 

221 

“ 

1000 

970  00 

a 

“ 

30  00 

222 

“ 

1000 

970  00 

CL 

30  00 

223 

u 

1000 

970  00 

u 

ii 

30  00 

224 

1000 

843  30 

stock. 

S.  F.  Belknap, 

156  70 

225 

“ 

1000 

843  30 

u 

“ 

156  70 

226 

a 

1000 

843  30 

a 

156  70 

227 

u 

1000 

843  30 

u 

“ 

156  70 

228 

a 

1000 

843  30 

“ 

156  70 

229 

u 

1000 

843  30 

a 

156  70 

230 

1000 

843  30 

cc 

“ 

156  70 

231 

1000 

843  30 

u 

“ 

156  70 

232 

1000 

843  30 

ii 

156  70 

233 

1000 

843  30 

Li 

“ 

156  70 

234 

1000 

843  30 

“ 

156  70 

235 

1000 

843  30 

“ 

156  70 

236 

u 

1000 

843  30 

ii 

“ 

156  70 

237 

u 

1000 

000  00 

a 

“ 

1000  00 

Carried  for 
E 

ward. 

$363,846  70 

' 

$45,962  60 

1 

iDer. 

238 

239 

240 

241 

242 

243 

244 

245 

246 

247 

248 

249 

250 

251 

252 

253 

254 

255 

256 

257 

258 

259 

260 

261 

262 

263 

264 

265 

266 

267 

268 

269 

270 

271 

272 

273 

274 

275 

276 

277 

278 

279 

280 

281 

282 

283 

284 

285 

286 

287 

288 

289 

290 

291 

292 

293 

294 

295 

296 

297 

298 

299 

300 

801 


TABLE  III. — (CoNTixuED.) 


Bonds  due  in  1852. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Payjn’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

1 

$363,846  70 
843  30 

$45,962  60 
156  70 

$1000 

Stock, 

S.  F.  Belkuap, * . 

1000 

843  30 

1 

U 

156  70 

1000 

843  30 

156  70 

1000 

843  30 

^ it 

156  70 

1000 

843  30 

1 u 

1 

it 

156  70 

1000 

843  30 

1 

ii 

156  70 

1000 

843  30 

1 “ 

u 

156  70 

1000 

843  30 

1 “ 

156  70 

1000 

843  30 

1 u 

u 

156  70 

1000 

843  30 

\ “ 

156  70 

1000 

843  30 

u 

156  70 

1000 

843  30| 

U 

« 

156  70 

1000 

843  30| 

il 

156  70 

1000 

843  30| 

“ 

u 

156  70 

1000 

843  301 

u 

u 

156  70 

1000 

843  30 

u 

ii 

156  70 

1000 

843  30 i 

ll 

156  70 

1000 

843  30 ' 

it 

156  70 

1000 

843  30 

u 

156  70 

1000 

843  30 1 

“ 

156  70 

1000 

843  30i 

ii 

156  70 

1000 

843  30! 

“ 

156  70 

1000 

843  30i 

ii 

156  70 

1000 

843  30! 

u 

ii 

156  70 

1000 

843  30; 

u 

156  70 

1000 

843  30| 

“ 

ii 

156  70 

1000 

843  30' 

u 

156  70 

1000 

843  30. 

u 

ii 

156  70 

1000 

843  30 

ii 

156  70 

1000 

843  30i 

156  70 

1000 

1000 

843  30. 
843  3o! 

u 

156  70 

1000 

u 

S.  F.  Belknap, 

156  70 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

843  30 

(( 

i 

1 

156  70 

ward, 

$391,685  60! 

$51,133  70 

Remarks. 


mer, 

302 

303 

304 

305 

306 

307 

308 

309 

310 

311 

312 

313 

314 

315 

316 

317 

318 

319 

320 

321 

322 

323 

324 

325 

326 

327 

328 

329 

330 

331 

332 

333 

334 

335 

336 

337 

338 

339 

340 

341 

342 

343 

344 

345 

346 

347 

348 

349 

350 

351 

352 

353 

354 

355 

356 

357 

358 

359 

360 

361 

362 

363 

36‘4 

365 


TABLE  III.  — (Continued.) 


35 


Bonds  due  in  1852. 


ward, 
$1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 
1000 

Carried  for  ward, 


Desig- 

nation. 


Proceeds. 


$391,685  60 
843  30 
843  30 


843  30 
843  30 
843  30 
843  30 
843  30 


950  00 
843  30 
843  30 
843  30 
843  30 
843  30 


947  50 
950  00 
950  00 
950  00 
950  00 


1000  00 


$408,502  70 


Mode 

of 

Paym’t. 


Stock, 


By  whom 
Negociated. 


S.  F.  Belknap, 


Stock,  S.  F.  Belknap, 


Cash,.  !J.  C.  Dunn, . . , 
Stock,  S.  F.  Belknap, 


Cash, 


Cash, . 


J.  C.  Dunn,. 


0.  S.  Chapman. 


Amount 

of 

Discount. 


$51,133  70 
156  70 
156  70 
1,000  00 
156  70 
156  70 
156  70 
156  70 
156  70 


50  00 
156  70 
156  70 
156  70 
156  70 
156  70 


52  50 
50  00 
50  00 
50  00 
50  00 


$54,316  GO 


Remarks. 


36 


TABLE  III.  — (Continued.) 


Bonds  due  in  1852. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Payrn't 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Bemarks. 

Brought  for 

ward. 

$408,502  70 

_ 1 

$54,316  60 

366 

Burnt^ 

$1000 

867 

Collateral,  . 

1000 

0.  S.  Chapman.  ^ 

368 

Sold, 

1000 

1000  00 

Cash,  1 

.S6p 

Destroyed, . 

1000 

370 

Burnt,  .... 

1000 

371 

U 

1000 

372 

1000 

373 

1000 

374 

U 

1000 

37o 

“ 

1000 

1 

376 

Filed, 

1000 

1 

377 

Burnt,  

1000 

• 1 

378 

1000 

1 

1 

379 

Filed, 

1000 

j 

380 

1000 

381 

Burnt, 

1000 

i 

i 

382 

“ 

1000 

1 

1 

383 

“ 

1000 

384 

Filed, 

1000 

385 

“ 

1000 

386 

Burnt,  

1000 

387 

(C 

1000 

388 

“ 

1000 

389 

“ 

1000 

390 

n 

1000 

1 

1 

391 

Filed, 

1000 

1 

I 

* 

392! 

“ 

1000 

1 

1 

393, 

Bm*nt,  .... 

1000 

394 

“ 

1000 

396 

“ 

1000 

396 

Collateral,  . 

1000 

3971 

U 

1000 

398 

Burnt,  .... 

1000 

399: 

Collateral,  . 

1000 

400i 

Burnt,  .... 

1000 

401 

1000 

402 

Collateral,  . 

1000 

403 

1000 

404 

“ ! 

1000 

405 

1000 

406 

1000 

407 

Burnt,  

1000 

408 

Collateral,  . 

1000 

409 

Burnt,  .... 

1000 

410 

1000 

411 

“ 

1000 

412 

1000 

413 

1000 

414 

1000 

1 

415 

“ 

1000 

1 

416 

Collateral,  . 

1000 

417 

“ 

1000 

418 

(( 

1000 

419 

“ 

1000 

420 

“ 

1000 

421 

Burnt,  .... 

1000 

422 

“ 

1000 

423 

“ 

1000 

424 

1000 

425 

a 

1000 

426 

u 

1000 

427 

Collateral,  . 

1000 

428 

1000 

429 

Burnt,  

1000 

Carried  for 

ward. 

$409,502  70 

$54,316  60 

iDer. 

430 

431 

432 

433 

434 

435 

436 

437 

438 

439 

440 

441 

442 

443 

444 

445 

446 

447 

448 

449 

450 

451 


TABLE  UL  — (Continued.) 


37 


Bonds  due  in  1852. 


Desig- 

nation. 


vard. 

$1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 


$409,502  70 


Mode 

of 

Paym’t. 


By  whom 
Negociated. 


Amount 

. 

Discount. 


$54,316  60 


Remarks. 


Carried  for  ward,  | $409,502  70 


$54,316  60 


38 


TABLE  in.  — (Continued.) 


Bonds  due  in  1852. 


Desig- 

Mode 

By  whom 

Amount 

Number. 

, Disposition. 

Proceeds. 

of 

of  , 

nation. 

Paym’t. 

Negociated. 

Discount.  1 

i 

Brought  for 

ward. 

; S409,502  70 

*854,316  60, 

494 

Bumr,  . . . . 

SI  000 

495 

Collateral,  . 

1000 

1 

496 

1000 

497 

1000 

498 

*1000 

499 

U 

1000 

500 

“ 

1000 

i 

501 

u 

1000 

I 

1 

502 

Filed, 

1000 

i 

50.3 

U 

1000 

1 

504 

Burnt, 

1000 

i 

505 

“ ' 

1000 

506 

Collateral,  . 

1000 

1 

507 

‘‘ 

1000 

508 

1000 

i I 

509 

1000 

; 1 

510 

a 

1000 

511 

Burnt, 

1000 

512 

1000 

513 

1000 

514 

1000 

515 

Collateral,  . 

1000 

516 

1000 

1 

517 

Burnt,  .... 

1000 

1 

518 

iC 

1000 

519 

u 

j 

1000 

! 1 

1 

Sold 

500 

485  00 

Cash,  1 

Tliomns  Feed, 

15  00 

2 

500 

435  00 

a ' 

•J.  T.  Marston, 

15  00 

3 

1 U 

1 

500 

485  00 

.Tames  E.  Langdon,  . . . 

15  00 

1 u 

500 

485  00 

u 

.J.  Spaulding, 

15  00 

5 

u 

500 

485  00 

a 

C.  Child, 

15  00 

6 

' u 

500 

485  00 

u ' 

Daniel  White, 

15  00 

7 

500 

485  00 

u 

H.  Jackson, 

15  00 

8 

' a 

500 

485  00 

u i 

G.  A.  Whitnev, 

15  00 

9 

u 

500 

485  00; 

u 

Benj.  F.  Stevens, 

15  00 

10 

a 

500 

485  00 

u ' 

Wm.  Beals 

15  00 

11 

u 

500 

485  00 

a 

.J.  H.  Prentiss, ' 

15  00 

12 

u 

500 

485  00 

u 1 

Wm.  Beals,  .Jr 

15  00 

13 

u 

500 

485  00 

u 

W.  H.  Sabin, j 

15  00 

14 

Filed, 

500 

1 

is; 

Sold, 

500 

485  00 

u i 

C.  TT.  Pnrkpr 

15  00 

16 

500 

485  00 

U j 

tt 

15  00 

17 

iC 

500 

485  00 

;;  1 

1 

15  00 

18 

ii 

500 

485  00 

“ ! 

15  00 

19 

500 

485  OOj 

“ ' 

Samuel  Abbott  & Co. . 

15  00 

20 

500 

485  00 

u 

C.  S.  Kingsburv, 

15  00 

21' 

6i 

500 

485  00 

a 1 

Caleb  Eeed,. . 

15  00 

22- 

i 

500 

485  00 

it 

tt 

15  00 

23 

Filed, 

500 

24’ 

Sold, 

500 

485  00 

tc 

Samuel  Cahot, 

15  00 

25j 

U 

500 

485  00 

tt 

15  00 

261 

u 

500 

485  00 

tt 

15  00 

27 

iC 

500 

485  00 

tt 

li 

15  00 

28| 

Filed, 

* 500 

29 

Sold, 

500 

485  00 

tt 

James  E.  Langdon, . . . 

15  00 

30 

ic 

500 

485  00 

tt  1 

15  00 

31 

500 

485  00 

tt 

tt 

15  00 

32 

500 

485  00 

tt 

tt 

15  00 

33 

u 

500 

485  00 

tt 

P.  D.  AEen, 

15  00 

34 

cc 

500 

485  00| 

tt 

1 

X.  F.  Frotbingham,. . . 

15  00 

35 

(( 

500 

485  00 

“ 1 

(. 

15  00 

36 

500 

485  00 

tt 

P.  S.  Institution, 

15  00 

u 

500 

485  OOj 

E.  Xve,  Jr 

15  00 

Carried  for. 

ward, 

$425,992  7oi 

$54,826  60 

ler. 

38! 

39' 

40 

41 

42 

43 

44 

45 

46 

47 

48 

49 

50 

51 

52 

53 

54 

55 

56 

57 

58 

59 

60 

61 

62 

63 

64 

65 

66 

67 

68 

69 

70 

71 

72 

73 

74 

75 

76 

77 

78 

79 


TABLE  III.  — (Continued.) 


39 


Disposition. 


Bonds  due  in  1852. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Ncgociated. 

Amount. 

of 

Discount. 

$425,992  70 
485  00 

$54,826  601 
15  001 
15  00 

$500 

Cash, 

•John  Doane, 

500 

485  00 

A.  Edwards, 

500 

485  00 

Ebenezer  Hackett,. . . . 

15  00 

500 

485  00 

u 

William  Ashley, 

15  00 

500 

485  00 

U 

Sampson  Keed, 

■ 15  OOj 

500 

483  00 

15  00 

500 

485  00 

“ 

15  oo! 

500 

485  00 

15  00| 

500 

485  00 

U 

E.  I).  Briggs,, ........ 

15  00 

500 

485  00 

U 

Lucius  Hazeu, 

15  00 

400 

485  00 

u 

W.  C.  Cristy,  Jr 

15  00 

500 

485  00 

William  Munroe, 

15  00 

500 

485  00 

S.  0.  Mead,  

15  00 

500 

485  00 

Daniel  Carpenter,  .... 

15  00 

500 

485  00 

Warren  Goddard, 

15  00 

500 

485  00 

u 

Robert  Calder, 

15  00 

500 

485  00 

u 

Caleb  Reed,  

15  00 

500 

485  00 

u 

“ 

15  00 

500 

485  00 

a 

N.  Ball,  

S.  F.  Belknap, 

15  00 

500 

485  00 

15  00 

500 

485  00 

u 

15  00 

500 

485  00 

u 

44 

15  00 

500 

485  00 

u 

44 

15  00 

500 

485  00 

Jacob  Forster, 

15  00 

500 

485  00 

U 

44 

15  00 

500 

485  00 

44 

15  00 

500 

485  00 

u 

S.  Willard, 

15  00 

500 

485  00 

u 

u 

15  00 

500 

485  00 

15  00 

500 

485  00 

u 

S.  F.  Belknap, 

15  00 

500 

485  00 

u 

44 

15  00 

500 

485  00 

u 

44 

15  00 

500 

485  00 

(( 

44 

15  00 

500 

485  00 

15  00 

500 

485  Oo 

44 

15  00 

500 

500 

485  00 

u 

44 

15  00 

500 

485  00 

u 

44 

15  00 

500 

485  00 

a 

44 

15  00 

500 

485  00 

Martha  Jennison,  . . . . 

15  00 

500 

485  00 

S-  M.  Felton, 

15  00 

500 

500 

485  00 

a 

J.  J.  Dixwell, 

15  00 

500 

485  00 

u 

Parsons  & Dixwell,  . . 

15  00 

500 

485  00 

u 

H.  Hill,  

15  00 

500 

485  00 

cc 

a 

15  00 

500 

485  00 

u 

S.  E.  Robbins, 

S.  F.  Belknap, 

15  00 

500 

421  65 

Stock, 

78  35 

500 

485  00 

u 

Jacob  Forster, 

15  00 

500 

485  00 

u 

44 

15  00 

500 

485  00 

u 

44 

15  00 

500 

485  00 

u 

44 

15  00 

500 

485  00 

u 

15  00 

500 

485  00 

44 

44 

15  00 

500 

485  00 

44 

15  00 

500 

485  00 

44 

44 

15  00 

500 

485  00 

44 

15  00 

500 

485  00 

15  00 

500 

485  00 

44 

44 

15  00 

500 

485  00 

44 

44 

15  00 

500 

i 485  00 

44 

44 

15  00 

500 

1 485  00 

44 

44 

15  00 

500 

1 485  00 

Cash, 

S.  F.  Belknap, 

15  00 

500 

r ward. 

1 485  00 

$455,999  35 

15  00 

1 $55,819  95 

Ke  marks. 


Can'ied  for 


40 


TABLE  III.  — (Continued.) 


Bonds  due  in  1852. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Pay  in' t 

By  whom 

. Negociated. 

Amount 

of 

Discount. 

Remarks. 

Brought  foi 

'iWard, 

$455,999  35 

$55,819  95 

102 

Sold, 

$500 

485  00 

Cash, 

S.  F.  Belknap,  

15  00 

1 

103 

I Ll 

500 

485  00 

15  00 

104 

500 

485  00 

u 

15  00 

1 

105 

500 

485  00 

“ 

15  00 

106 

500 

421  65 

Stock, 

“ 

78  35 

107 

u 

500 

; 421  65 

“ 

78  35 

108 

500 

421  65 

“ 

78  35 

109 

500 

421  65 

it 

78  35 

110 

500 

421  65 

u 

78  35 

111 

1 “ 

500 

421  65 

Li 

“ 

78  35 

112 

! “ 

500 

421  65 

“ 

78  35 

113 

1 ‘‘ 

500 

421  65 

U 

“ 

78  35 

114 

500 

421  65 

it 

“ 

78  35 

115 

‘‘ 

500 

421  65 

u 

78  35 

116 

“ 

500 

421  65 

a 

(( 

78  35 

117 

500 

485  00 

Cash, 

S.  E.  Robbins, 

15  00 

118 

“ 

500 

485  00 

Li 

“ 

15  00 

119 

500 

485  00 

Li 

S.  F.  Belknap, 

15  00 

120 

500 

485  00 

a 

ii 

15  00 

121 

u 

500 

485  00 

a 

ii 

15  00 

122 

“ 

500 

485  00 

a 

ii 

15  00 

123 

“ 

500 

485  00 

a 

Davenport  & Bridges, . 

15  00 

124 

500 

485  00 

a 

a 

15  00 

125 

“ 

500 

485  00 

a 

n 

15  00 

126 

“ 

500 

421  65 

Stock, 

S.  F.  Belknap, 

78  35 

127 

500 

485  00 

Cash, 

S.  E.  Robbins, 

15  00 

128 

11 

500' 

485  00 

U 

u 

15  00 

129 

u 

500 

485  00 

U 

n 

15  00 

130 

u 

500' 

421  65 

Stock, 

S.  F.  Belknap, 

78  35 

131 

(( 

500 

500  00 

132 

500 

421  65 

Stock, 

u 

78  35 

133 

“ 

500 

421  65 

u 

78  35 

134 

“ 

500 

421  65 

a 

ii 

78  35 

135 

“ 

500 

421  65 

a 

ii 

78  35 

136 

500 

421  65 

a 

ii 

78  35 

137 

500 

421  65 

a 

ii 

78  35 

138 

500 

421  65 

a 

ii 

78  35 

139 

“ 

500 

421  65 

a 

ii 

78  35 

140 

u 

500 

421  65 

a 

ii 

78  35 

141 

a 

5oo: 

421  65 

a 

ii  • 

78  35 

142 

“ 

500 

421  65 

Li 

'ii 

78  35 

143 

500 

421  65 

u 

ii 

78  35 

144 

500’ 

421  65 

u 

ii 

78  35 

145 

“ 

500 

421  65 

a 

ii 

78  35 

146 

500 

421  65 

a 

ii 

78  35 

147 

“ 

500 

421  65 

a 

ii 

78  35 

148 

“ 

500 

421  65 

u 

ii 

78  35 

149 

“ 

500 

421  65 

a 

(( 

78  35 

150 

“ 

500 

421  65 

a 

ii 

78  35 

151 

;; 

5oo: 

421  65 

a 

ii 

78  35 

152 

500 

421  65 

fit 

ii 

78  35 

153 

500' 

421  65 

u 

ii 

78  35 

154 

“ 

500' 

421  65 

u 

ii 

78  35 

155 

u 

500' 

421  65 

a 

ii 

78  35 

156 

u 

5oo; 

421  65 

tc 

ii 

78  35 

157 

u 

500l 

421  65 

it 

ii 

78  35 

158 

500 

421  65 

a 

ii 

78  35 

159 

500 

421  65 

a 

ii 

78  35 

160 

“ 

500 

421  65 

a 

ii 

78  35 

161 

“ 

500 

421  65 

‘i 

ii 

78  35 

162 

u 

500 

421  65 

it 

ii 

78  35 

163 

“ 

500 

485  00 

Cash, 

ii 

15  00 

164 

“ 

500 

485  00 

ii 

15  00 

165 

500 

485  00 

ti 

15  00 

Carried  for' 

ward, 

$483,766  95 

$60,052  35 

TABLE  III.  — (Continued.) 


41 


Bonds  due  in  1852. 


N umber. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Pajm’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

Brought  for 

ward. 

$483,766  95 

$60,052  35 

166 

Sold,  r 

$500 

485  00 

Cash, 

S.  F.  Belknap, 

15  00 

167 

500 

485  00 

15  00 

168 

“ 

500 

485  00 

“ 

“ 

15  00 

169 

“ 

500 

485  00 

“ 

15  00 

170 

“ 

500 

485  00 

(( 

“ 

15  00 

171 

Ci 

500 

485  00 

U 

“ 

15  00 

172 

“ 

500 

485  00 

ii. 

“ 

15  00 

173 

“ 

500 

485  00 

u 

“ 

15  00 

174 

500 

485  00 

u 

15  00 

175 

500 

485  00 

(( 

“ 

15  00 

176 

“ 

500 

485  00 

“ 

“ 

15  00 

177 

“ 

500 

485  00 

“ 

“ 

15  00 

178 

“ 

500 

485  00 

“ 

“ 

15  00 

179 

“ 

500 

485  00 

u 

“ 

15  00 

180 

500 

485  00 

“ 

“ 

15  00 

181 

“ 

500 

485  00 

u 

ii 

15  00 

182 

“ 

500 

485  00 

“ 

15  00 

183 

“ 

500 

485  00 

u 

15  00 

184 

u 

500 

485  00 

“ 

15  00 

185 

“ 

500 

485  00 

u 

15  00 

186 

500 

485  00 

“ 

15  00 

187 

u 

500 

“ 

11 

500  00 

188 

ii 

500 

u 

11 

500  00 

189 

“ 

500 

u 

11 

500  00 

190 

a 

500 

“ 

It 

500  00 

191 

u 

500 

Const*  ion. 

H.  R.  Campbell, 

500  00 

192 

it 

500 

(C 

500  00 

193 

u 

500 

u 

11 

500  00 

194 

500 

“ 

500  00 

195 

a 

500 

485  00 

Cash, 

S.  E.  Robbins, 

15  00 

196 

a 

500 

485  00 

S.  F.  Belknap, 

15  00 

197 

u 

500 

485  00 

(( 

“ 

15  00 

198 

500 

485  00 

(( 

“ 

15  00 

199 

u 

500 

485  00 

u 

“ 

15  00 

200 

500 

485  00 

it 

11 

15  00 

201 

u 

500 

485  00 

n 

“ 

15  00 

202 

ii 

500 

485  00 

11 

15  00 

203 

u 

500 

485  00 

“ 

15  00 

204 

Destroyed, . 

500 

205 

“ 

500 

206 

U 

500 

1 

207 

) 

to 

> Burnt,  . . 

500 

I 

300 

) 

1 

Burnt, 

300 

! 

2 

Snlrl 

300 

291  00 

Cash, 

J.  W.  Fenno, 

9 00 

3 

300 

291  00 

u 

H.  H.  Peirce, 

9 00 

4 

u 

300 

291  00 

u 

ii 

9 00 

5 

U 

300 

291  00 

Li 

“ 

9 00 

1 

6 

u 

300 

291  00 

it 

G.  P.  Sprague, 

9 00 

1 

7 

ii 

300 

291  00 

ii 

9 00 

1 

8 

(i 

300 

291  00 

11 

9 00 

9 

u 

300 

291  00 

» 

J.  H.  Harris, 

9 00 

1 

10 

u 

300 

291  00 

(( 

L.  D.  Herrick, 

9 00 

! 

I 

11 

a 

300 

291  00 

ii 

Michael  Whitney, 

9 00 

1 

12 

a 

300 

291  00 

it 

.J.  J.  Scott, 

9 00 

1 

13 

300 

291  00 

ii 

G.  I.  Sprague, 

9 00 

1 

14 

‘‘ 

300 

291  00 

ii 

ii 

9 00 

1 

15 

u 

300 

291  00 

9 00 

1 

16 

a 

300 

291  00 

Geo.  Elliott, 

9 00 

i 

17 

li 

300 

291  00 

a 

9 00 

1 

18 

a 

300 

291  00 

ii 

,J.  L.  Barker, 

9 00 

19 

300 

291  00 

S.  Willard, 

9 00 

1 Carried  for 

ward, 

$503,554  95 

$64,664  36 

F 


24 

25 

26 

27 

28 

29 

30 

31 

32 

33 

34 

35 

86 

37 

38 

39 

40: 

41| 

42' 

44 

45 

46 

47 

48 

49 

50 

51 

52 

53 

54 

55 

56 

57 

58 

59 

60 

61 

62 

63 

64 

65 

66 

67 

68 

69 

70 

71 

72 

73 

74 

75* 

76 

77 

78 

79 

80 

81 

82 

83 


TABLE  III. — (Continued.) 


Bonds  due  in  1852. 


Desig- 

Mode 

By  whom 

Amount 

Proceeds. 

of 

of 

nation. 

Paym’t 

. Negotiated. 

Discount. 

$503,554  9£ 
291  OC 

$64,664  35 
9 00 

$30C 

30C 

> Cash, 

E.  Hackett, 

291  OC 

1 “ 

Wm.  Ashley, 

9 00 

300 

291  OC 

( “ 

E.  D.  Briergs 

9 00 

300 

291  OC 

1 “ 

Allen  Hazen, 

9 00 

300 

291  00 

1 “ 

ii 

9 00 

300 

291  00 

1 “ 

Mary  B.  Herring, 

9 00 

30( 

291  00 

S.  0.  Mead, 

9 00 

300 

291  00 

9 00 

300 

291  00 

Z.  P.  Burnham, 

9 00 

300 

291  00 

U 

R.  Richardson, 

9 00 

300 

291  00 

u 

Enos  Stiles, 

9 00 

300 

291  00 

u 

M.  H.  Bass, 

9 00 

300 

291  00 

a 

Warren  Goddard, 

9 00 

300 

291  00 

Robert  Calder, 

9 00 

300 

291  00 

a 

H.  H.  Jones, 

9 00 

300 

291  00 

ii 

9 00 

300 

291  00 

Charles  R.  Wood, 

9 00 

300 

291  00 

Geo.  Langdon, 

9 00 

300 

291  00 

a 

Amos  Blanchard, 

9 00 

300 

291  00 

u 

Isaac  Vincent, 

9 00 

300 

291  00 

u 

G.  C.  Shepard, 

9 00 

300 

291  00 

u 

N.  Gillett, 

9 00 

300 

291  00 

U 

Jed.  Sprague, 

9 00 

300 

291  00 

u 

Simeon  Willard, 

9 00 

300 

291  00 

LL 

Peleg  Morey, 

9 00 

300 

291  oa 

U 

Mary  Hurd, 

9 00 

300 

291  00 

9 00 

300 

291  00 

Daniel  Parish, 

9 00 

300 

291  00 

u 

A.  Edwards, 

9 00 

300 

291  00 

u 

H.  Jackson, 

9 00 

300 

291  00 

» 

ii 

9 00 

300 

291  00 

ii 

H.  A.  Wilcox, 

9 00 

300 

291  00 

J.  Ellison, 

9 00 

300 

291  00 

it 

A.  L.  Baker, 

9 00 

300 

291  00 

LL 

S.  F.  Belknap, 

9 00 

300 

291  00 

ii 

9 00 

300 

291  00 

it 

ii 

9 00 

300 

291  00 

ii 

ii 

9 00 

300 

291  00 

U 

ii 

9 00 

300 

291  00 

ii 

ii 

9 00 

300 

291  00 

u 

ii 

9 00 

300 

291  00 

u 

ii 

9 00 

300 

291  00 

u 

ii 

9 00 

300 

291  00 

ii 

ii 

9 00 

300 

291  00 

(( 

Martha  Jennison, 

9 00 

300 

291  00 

(( 

C.  B.  S.  Shaw, 

9 00 

300 

291  00 

ii 

D.  W.  Dee  Swallow, . . 

9 00 

300 

300 

291  00 
291  00 

ii 

Davenport  & Bridges,. 

9 00 
9 00 

300 

252  99 

Stock, 

S.  F.  Belknap, 

47  01 

300 

252  99 

47  01 

300 

291  00 

Cash, 

(( 

9 00 

300 

291  00 

“ 

ii 

9 00 

300 

291  00 

ii 

ii 

9 00 

300 

291  00 

ii 

Jacob  Forster, 

9 00 

300 

291  00 

a 

S.  F.  Belknap, 

9 00 

300 

291  00 

ii 

9 00 

300 

291  00 

it 

i( 

9 00 

300 

291  00 

ii 

ii 

9 00 

300 

252  99 

Stock, 

ii 

47  01 

300 

252  99 

ii 

ii 

47  01 

300 

252  99 

ii 

(( 

47  01 

300 

252  99 

ii 

(( 

47  01 

300 

252  99 

ii 

47  01 

$521,902  88 

$68,697  12 

iDer. 

84 

85 

86 

87 

88 

89 

90 

91 

92 

93 

94 

95 

56 

97 

98 

99 

100 

101 

to 

313 

314 

315 

316 

317 

318 

319 

320 

321 

322 

323 

324 

to 

325 

326 

327 

to 

462 

463 

464 

to 

666 

667 

668 

to 

995 


TABLE  III.  — (Continued.) 


43 


Bonds  dice  in  1852. 


ward. 

$521,902 

88 

$300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

300 

252 

99 

Desig- 

nation. 


300 

300 

300 

300 

300 

300 

300 

300 

300 

300 

300 

300 

300 

300 

300 

300 

300 

300 


$526,203  71 


Mode 

of 

Paym’t. 


Stock, 


By  whom 
Negociated. 


S.  F.  Belknap, 


Amount 

of 

Discount. 


$68,697  12 
47  oi: 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 
47  01 


$69,496  29 


GivenCom 
missioners 
on  S.  F.Bel 
knap’s  ac’t, 
as  sample. 


44 


TABLE  III— (Continued.) 


A CONDENSED  STATEMENT  CONCERNING  THE  BONDS 

DUE  IN  1852. 


The  Bonds  marked  “Burnt,”  were  destroyed  by  the  Finance  Committee,  as 
appears  by  their  several  vouchers  on  file,  giving  the  number  and  amount  of  every 
Bond  so  burnt,  which  vouchers  are  also  copied,  by  letter  press,  into  the  letter  books 
of  the  Company. 

Those  marked  “ Destroyed,”  were  destroyed  by  the  Clerk,  as  per  his  statement 
upon  the  “Bond  Record;”  the  other  evidence  of  such  destruction  being,  that  no 
coupons  from  these  Bonds  have  ever  been  presented  for  payment. 

The  Bond  marked  “ Defaced,”  was,  after  erasing  all  signatures  upon  it,  given  as  a 
sample  of  the  form  of  the  Company’s  Bonds,  to  the  Commissioners  who  were 
appointed  to  settle  the  account  between  Mr,  S.  F.  Belknap  and  this  Company,  he 
being  (diarged  with  a large  amount  of  these  Bonds.  Now  on  file  with  the  Belknap 
papers. 

Those  marked  “ Filed,”  are  now  in  the  Company’s  office,  among  their  papers  on 
file,  as  vouchers,  having  been  exchanged  for  other  Bonds,  or  otherwise  returned  to 
the  office. 

Those  marked  “ Collateral,”  are  out  as  security  upon  Notes  of  Mr.  Josiah 
Quincy,  Jr. 

Two  Bonds,  on  the  first  page  of  the  Table,  are  marked  WW,  and  against  one  of 
these,  under  the  head  of  “ Remai-ks,”  it  is  stated,  “ altered  from  UU.”  Upon  the 
original  WW,  after  it  had  been  sold,  it  was  found  that  the  signature  of  one  of  the 
officers  was  emitted,  and  that  officer  being  absent,  the  Bond  UU  was  altered  to 
YfW,  and  substituted;  the  original  WW,  as  imperfect,  was  burnt  by  the  Finance 
Committee. 

Bond  No.  1,  for  $300,  marked  “ Burnt,”  was  once  sold  and  paid  for,  and  the  Books  of 
the  Company  do  not  shovr  that  it  was  exchanged  by  them,  or  received  in  any  way ; 
neither  can  it  be  otherwise  traced,  as  the  Broker,  into  whose  possession  it  passed  from 
the  original  purchaser,  has  retained  no  memorandum  of  its  disposal  by  himself.  It  now 
stands  in  “ Suspense  Account  ” upon  the  Company’s  Books,  and  from  there  must  go 
to  “ Profit  and  Loss  ” account. 

Bonds  numbered  370  to  519,  both  inclusive,  for  $1000  each,  were  made  payable 
either  in  1852  or  1854,  at  the  option  of  the  Company.  None  of  this  series  were  ever 
sold,  but  some  of  them,  as  will  be  observed,  are  out  as  Collateral  on  Mr.  Quincy’s 
Notes. 

Bonds  numbered  L and  W,  each  $5000;  numbers  165,  237,  and  304,  for  $1000 
each;  and  numbers  131,  187,  188,  189,  190,  each  $500,  have  been  ti’aced  from  the 
parties  now  holding,  through  many  previous  holders,  to  Mr.  S.  F.  Belknap,  although 
not  included  among  those  charged  to  him  on  the  Company’s  Books.  The  fact  has 
been  clearly  ascertained  that  they  were  used  by  him,  and  it  is  therefore  supposed,  that 


45 


TABLE  IIL  — (Continued.) 

• 

through  carelessness,  they  were  omitted  to  be  charged  when  delivered.  As  these 
Bonds  have  realised  nothing  to  the  Company,  they  are  so  carried  into  the  column 
headed  “ Proceeds,”  their  entire  face  being  charged  in  the  column  headed  “ Discount.” 
The  sum  realized  from  Mr.  Belknap’s  assets  will  not  probably  pay  anything  upon 
these. 

The  Bonds  due  in  1852  were  ordered  to  be  sold,  limited  under,  or  at  a discount  of  3 
per  cent.,  and  such  as  were  disposed  of  were  so  sold,  until,  in  1851,  it  is  found  that 
the  amount  of  $5000  was  sold  at  5 per  cent,  discount,  and  $1000  at  5^  per  cent, 
discount  — the  4 cent,  being  a commission  for  the  sale.  These  are  charged  to 
Mr.  J.  C.  Dunn,  who  states  that  he  was  not  the  purchaser  of  them,  but  that  he  sold 
them  at  the  request  of  the  Treasurer.  After  the  death  of  Mr.  S.  F.  Belknap,  the 
unsettled  accounts  between  him  and  the  Company  were  adjusted  by  a Legal 
Commission.  These  accounts  contained  a charge  to  Mr.  Belknap  of  Bonds  to  the 
amount  of  $273,700,  and  for  these  the  Commissioners  decided  that  the  Company 
should  be  allowed  but  the  “ market  value  ” at  the  time  of  such  decision,  which  resulted 
in  the  Company’s  suffering  a discount  of  15  67-100  per  cent,  on  these  Bonds.  This 
lot  of  Bonds,  therefore,  are  reckoned  in  the  Table  as  “ Sold  ” at  that  discount.  The 
Bonds  omitted  to  be  charged  to  him,  as  stated  in  the  opposite  page,  are  also 
considered  as  “ Sold,”  although  no  proceeds  were  realized,  because  they  were 
collectable  from  the  Company  on  the  1st  of  July,  1852,  like  all  others,  except 
Collateral.  This  omission  to  charge  the  last  named  Bonds  occurred  during  the  term 
of  office  of  Mr.  Wm.  Warner,  Treasurer,  jtiro  tern. 


Total  amount  of  1852  Bonds  sold  and  payable, $595,700 

Out  as  Collateral  on  Mr.  Quincy’s  Notes, $70,900 


Note.  — Many  sales  of  Bonds  may  have  been  made  for  Stocks  in  some  other  Coiporations, 
which  are  represented  in  this  Table  to  have  been  made  for  cash,  but  the  loose  manner  in  which 
the  Books  were,  at  the  time  of  these  sales,  kept,  renders  it  almost,  if  not  quite,  impossible  to 
decide  what  was  or  what  was  not  cash,  many  things  being  made  cash  entries,  which  very 
certainly  had  nothing  to  do  with  cash.  A memorandum  showed  one  transaction  of  this  descrip- 
tion as  follows:  On  the  14th  of  April,  1848,  Jacob  Forster  was  a purchaser  of  Bonds  to  the 
amount  of  $7,300.  On  the  same  date,  was  purchased,  according  to  the  Cash  Book,  58  Shares  Ver- 
mont and  Massachusetts  Railroad  Stock,  a $84,  and  26  Shares  Cheshire  Railroad  Stock,  a $100; 
both  together  amounting  to  $7,472;  but  the  coupons  on  the  Vennont  Central  Bonds  from  January 
1st  to  April  14th,  (the  date  of  purchase,)  and  a check  on  that  date,  make  just  $172;  deducting 
which  from  the  $7,472,  leaves  just  what  the  Bonds  amounted  to.  These  same  Stocks  received  in 
payment  were  sold  the  same  day  at  a loss  of  $968.85;  and  Mr.  Forster  was  also  allowed  the  3 per 
cent,  discount  on  the  Bonds  as  usual,  making  altogether  a discount  or  loss  on  the  Bonds  of  over 
16^  per  cent. 


46 


TABLE  in.  — (Continued.) 


BONDS  DUE  IN  1854. 


Desig- 

Mode 

By  whom 

Amount 

Number. 

Disposition. 

Proceeds. 

of 

of 

Remarks. 

nation. 

Paym ’t 

Negociated. 

Discount. 

A X 

Burnt, 

$5000 

B ^ 

u 

5000 

C X 

ii 

5000 

D X 

“ 

5000 

E X 

5000 

F X 

5000 

G X 

u 

5000 

H X 

u 

5000 

I X 

u 

5000 

J X 

5000 

K ^ 

u 

5000 

L ^ 

(( 

5000 

M X 

u 

5000 

N X 

u 

5000 

0 X 

u 

5000 

P X 

U 

5000 

Q X 

U 

5000 

R X 

Collateral,  . 

5000 

S X 

Burnt, 

5000 

T X 

it 

5000 

U X 

Collateral,  . 

5000 

V X 

u 

5000 

WX 

U 

5000 

Y X 

Filed, 

5000 

Z X 

Burnt,  .... 

5000 

A 1 

FRed, 

5000 

B 1 

Burnt,  .... 

5000 

1 

C 1 

u 

5000 

1 

D 1 

u 

5000 

E 1 

Collateral,  . 

5000 

F 1 

“ 

5000 

G 1 

u 

5000 

H 1 

U 

5000 

I 1 

U 

5000 

K 1 

Filed, 

5000 

L 1 

Burnt, 

5000 

M 1 

U 

5000 

N 1 

U 

5000 

0 1 

5000 

P 1 

£( 

5000 

Q 1 

Collateral,  . 

5000 

j 

R 1 

5000 

S 1 

) 

! 

to 

> Burnt, . . . 

5000 

Z 1 

) 

A 2 

Burnt,  .... 

5000 

B 2 

U 

5000 

C 2 

Collateral,  . 

5000 

D 2 

u 

5000 

a 

) 

to 

i 

> Burnt, . . , 

5000 

1 

Burnt,  .... 

5000 

2 

ti 

5000 

3 

U 

5000 

4 

it 

5000 

5 

Collateral,  . 

5000 

6 

“ 

5000 

7 

U 

5000 

8 

a 

5000 

9 

u 

5000 

10 

u 

5000 

1 

er. 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 


TABLE  III.  — (Continued.) 


47 


Bonds  due  in  1854. 


Desig- 

nation. 


Proceeds. 


Mode 

of 

Paym’t. 


By  whom 
Negociated. 


Amount 

of 

Discount. 


Remarks. 


$5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
5000 
I 5000 


48 


TABLE  in. — (Continued.) 


Bonds  due  in  1854. 


Number 

1 Disposition. 

Desig-  j 

Proceeds. 

nation. 

Mode 

cf 

Pcym’t 

1 By  whom 

Negociated. 

Amount 

of 

! Discount. 

{ Remarks, 

f 

78 

TUed, 

' S500o| 

79 

i 

; 5000 

80!  “ 

5000| 

1 

81,  Collateral,  . 

' 5000 

82 

I 

5000 1 

83  Burnt,  . . , . 

■ 5ooo; 

84!  “ 

, 5000' 

8-5 1 “ 

5000i 

86  Collateral,  . 

! 50001 

1 

87 

■ Burnt,  . . . . 

5000' 

88  “ 

5000; 

89 

5000' 

901  “ 

5000, 

91  Filed 

5000! 

j 

92 

Burnt, 

5000, 

1 

93j  “ 

5000^ 

94  Collateral,  . 

5000' 

1 

95;Fned, 

5000| 

1 

96!Bumt,  .... 

5000! 

97 

u 

50001 

; / 

98 

“ 

5000’ 

99 

“ 

5000' 

100 

“ 

5000| 

1 

101 

5000 

102  j Collateral,  . 

5000, 

i 

103 

U 

5000' 

104 

u 

5000! 

10-5 

“ 

5000 

1 ■ 

106 

5000l 

1 

107 

u 

5000 

108 

“ 

5000 

109 

5000 

1 

1 

110,  Burnt, 

5000 

j 

111  Filed, 

5000 

1 

112  Burnt,  .... 

5000 

1 

113 

“ 

5000 

114|  Collateral,  . 

5000 

I 

i 

llolBumt 

5000 

1161 

1 “ 

5000 

117 

Collateral,  . 

5000 

! 

118 

it  ’ 

50001 

119 

Burnt, 

50001 

120 

5000 

121 

5000 

j 

122 

5000 

123 

50001  i 

1 

124|  Collateral,  . 

5000 

1 

125  i Burnt 

5000 

I 

126 

U 

5000 

f 

127 

5000j 

[ 

128 

(4 

50001 

129 

44 

5000! 

! 

1 

130!  Filed, 1 

5000 

1 

1 

131  Burnt,  . . . . j 

5000 

i 

132  i Collateral,  .. 

5000 

133' 

44 

5000 

1 

1.34i 

44  ; 

5000 

I 

1351 

“ : 

5000 

136  [Burnt, : 

5000 

1 

137i 

Collateral,  . 

5000 

138 

ii 

5000 

i 

1391  Burnt,  .... 

5000 

1401 

5000 

1411  Filed, 

5000 

142  Burnt,  .... 

5000 

\ 

143 

5000 

1441 

44 

6000 

i 

;Der. 

145 

146 

147 

148 

149 

150 

151 

152 

153 

154 

155 

156 

157 

158 

159 

160 

161 

162 

163 

164 

165 

166 

167 

168 

169 

170 

171 

172 

173 

174 

175 

176 

177 


TABLE  in.  — (Continued.) 


49 


Bonds  due  in  1852. 


Desig- 


Proceeds. 


Mode 

of 


By  whom 


nation. 


$5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 


Paym’t. 


i 


Negociated, 


5000 


5000 

5000 

5000 

5000 


5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

6000 


Amount. 

of 

Discount. 


i 

i 


Remarks. 


i 


iDer. 

212 

213 

214 

215 

216 

217 

218 

219 

220 

221 

222 

223 

224 

225 

226 

227 

228 

229 

230 

231 

232 

233 

234 

235 

236 

237 

238 

239 

240 

241 

242 

243 

244 

245 

246 

247 

248 

249 

250 

251 

252 

253 

254 

255 

256 

257 

258 

259 

260 

261 

262 

263 

264 

265 

266 

267 

268 

269 

270 

271 

272 

273 

274 

275 

276 

277 


TABLE  m.  — (Continued.) 


Bonds  due  in  1854. 


Disposition. 


Desig- 


Proceeds. 


! nation. 

! 


$5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

3000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 


Mode 

of 

Paym’t. 


By  whom 
Negociated. 


Amount 

of 

Discount. 


] 

j 

i 


iber. 

279 

280 

281 

282 

283 

284 

285 

286 

287 

288 

289 

290 

291 

292 

293 

294 

295 

296 

297 

298 

299 

300 

301 

302 

303 

304 

305 

306 

307 

308 

309 

310 

311 

312 

313 

314 

315 

316 

317 

318 

319 

320 

321 

322 

323 

324 

325 

326 

327 

328 

329 

330 

331 

332 

333 

334 

335 

336 

337 

338 

339 

340 

341 

342 

343 

344 

345 


TABLE  III.  — (Continued.) 


51 


Bonds  due  in  1854. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remark*. 

$5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

6000 

6000 

6000 

1 

1 

1 

i 

i i 

i 

1 

loer, 

346 

347 

348 

349 

350 

351 

352 

353 

354 

355 

356 

357 

358 

359 

360 

361 

362 

363 

364 

365 

366 

367 

368 

369 

370 

371 

372 

373 

374 

375 

376 

377 

378 

379 

380 

381 

382 

383 

384 

385 

386 

387 

388 

389 

390 

391 

392 

393 

394 

395 

396 

397 

398 

399 

51 

to 

100 

1722 

to 


TABLE  ni.  — (Continued.) 


Bonds  due  in  1854. 


Desig- 

nation. 


Proceeds. 


S5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5oOO 

5000 

5000 

6000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5900 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 

5000 


Mode 

of 

Paym’t. 


By  whom 
Negociated. 


Amount 

of 

Discount. 


Bemark*. 


i 


5000 

5000 


Duplicate 

ntunbers. 


1000 

1000 

1000 

1000 

1000 

1000 


TABLE  III.  — (Continued.) 


53 


Bonds  due  in  1854. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

Remarks. 

4425 

FUed, 

$1000 

4426 

1000 

* 

4427 

1000 

4428 

“ 

1000 

4429 

U 

1000 

4430 

u 

1000 

4431 

“ 

1000 

4432 

“ 

1000 

4433 

1000 

4434 

U 

1000 

4435 

ii 

1000 

4436 

u 

1000 

4437 

“ 

1000 

4438 

u 

1000 

4439 

ii 

1000 

4440 

u 

1000 

4441 

“ 

1000 

4442 

ii 

1000 

4443 

(i 

1000 

4444 

u 

1000 

4445 

1000 

4446 

u 

1000 

4447 

“ 

1000 

4448 

1000 

4449 

1000 

4450 

u 

1000 

4451 

(( 

1000 

4452 

LL 

1000 

4453 

U 

1000 

4454 

H. 

1000 

4455 

1000 

4456 

) 

to 

> Burnt,  . . 

1000 

4721 

) 

3609 

Filed, 

500 

3610 

U 

500 

3611 

Li 

500 

3612 

500 

3613 

600 

3614 

U 

500 

3615 

Li 

500 

3616 

500 

3617 

Li 

500 

3618 

Li 

500 

3619 

Li 

500 

3620 

ii 

500 

3621 

Li 

500 

3622 

Li 

500 

3623 

Li 

500 

3624 

Li 

500 

3625 

500 

3626 

500 

3627 

Li 

500 

3628 

Li 

500 

* 

3629 

Li 

500 

3630 

ii 

500 

3631 

Li 

500 

3632 

ii 

500 

3633 

ii 

500 

3634 

500 

3635 

Li 

600 

3636 

ii 

600 

3637 

LL 

500 

3638 

ii 

600 

3639 

U 

600 

i 

3640 

ii 

600 

54 


TABLE  III.  — (Continued.) 


Bonds  due  in  1854. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

3641 

Filed, 

500 

3642 

“ 

400 

3643 

U 

500 

3644 

U 

500 

3645 

“ 

500 

3646 

) 

to 

V Burnt,  . . 

500 

4418 

) 

2601 

Filed, 

100 

2602 

U 

100 

2603 

100 

2604 

“ 

100 

2605 

100 

2606 

“ 

100 

2607 

100 

2608 

100 

2609 

“ 

100 

2610 

(( 

100 

2611 

“ 

100 

2612 

u 

100 

' 

2613 

u 

100 

2614 

u 

100 

2615 

u 

100 

2616 

“ 

100 

2617 

“ 

100 

2618 

100 

2619 

100 

1 

2620 

100 

2621 

100 

1 

1 

2622 

100 

1 

! 

2623 

100 

! 

i 

2624 

100 

! 

2625 

100 

2626 

100 

i 

1 

2627 

100 

1 

1 

2628 

100 

1 

2629 

u 

100 

1 

2630 

100 

2631 

u 

100 

2632 

u 

100 

2633 

iC 

100 

2634 

u 

100 

2635 

u 

100 

2636 

u 

100 

2637 

(£ 

100 

2638 

100 

2639 

u 

100 

2640 

(( 

100 

2641 

u 

100 

2642 

100 

2643 

u 

100 

2644 

100 

2645 

(C 

100 

2646 

U 

100 

2647 

U 

100 

2648 

u 

100 

1 

2649 

100 

2650 

u 

100 

2651 

(( 

100 

2652 

u 

100 

2653 

u 

100 

2654 

100 

2655 

U 

100 

2656 

U 

100 

2657 

U 

100 

2658 

100 

TABLE  ni.  — (Continued.) 


55 


Bonds  due  in  1854. 


Number. 

Disposition. 

Desig- 

uation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

2659 

Filed, 

100 

1 

2660 

U 

100 

2661 

“ 

100 

i 

2662 

ii 

100 

1 

1 

2663 

u 

100 

2664 

100 

1 

2665 

“ 

100 

j 

1 

2666 

u 

100 

1 

2667 

“ 

100 

2668 

u 

100 

1 

2669 

u 

100 

1 

2670 

u 

100 

j 

2671 

u 

100 

- 1 

2672 

100 

2673 

100 

1 

2674 

100 

i 

2675 

u 

100 

2676 

100 

2677 

100 

2678 

u 

100 

2679 

u 

100 

• 

2680 

u 

100 

2681 

u 

100 

2682 

u 

100 

2683 

u 

100 

i 

2684 

u 

100 

2685 

100 

2686 

u 

100 

2687 

u 

100 

i 

2688 

“ 

100 

2689 

u 

100 

i 

2690 

(( 

100 

2691 

u 

100 

2692 

tl 

100 

1 

! 

2693 

il 

100 

2694 

il 

100 

1 

2695 

u 

100 

1 

1 

2696 

li 

100 

2697 

u 

100 

] 

2698 

u 

100 

i 

2699 

u 

100 

2700 

u 

100 

i 

2701 

u 

100 

1 

i 

2702 

100 

1 

2703 

100 

1 

! 

2704 

u 

100 

1 

1 

2705 

100 

1 

1 

I 

1 

2706 

1 “ 

100 

1 

1 

2707 

100 

1 

t 

2708 

! » 

lOO 

1 

i 

1 

270S 

1 “ 

IOC 

1 

1 

1 

i 

271C 

1 “ 

IOC 

1 

j 

i 

1 

271] 

IOC 

1 

1 

j 

I 

2715 

* u 

IOC 

) 

j 

1 

1 

271c 

i “ 

IOC 

) 

1 

1 

1 

251^ 

IOC 

) 

i 

I 

271f 

) » 

10( 

) 

j 

271( 

10( 

) 

271^ 

r “ 

10( 

) 

I 

1 

271J 

J “ 

10( 

) 

1 

2715 

] » 

10( 

) 

1 

272( 

) “ 

10( 

) 

272: 

1 “ 

10( 

) 

2725 

2 “ 

10( 

3 

272i 

3 “ 

10( 

3 

1 

272- 

i » 

10( 

3 

! 

2721 

5 “ 

10< 

3 

56 


TABLE  III.  — (Continued.) 


Bonds  due  in  1854. 


Number. 

Disposition. 

j Desig- 
1 nation. 

Proceeds. 

Mode 

of 

Paym't. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

2726 

Filed, 

1 100 

2727 

“ 

100 

2728 

100 

i 

1 

2729 

U 

100 

! 

2730 

(i 

100 

i 

2731 

“ 

100 

1 

2732 

“ 

100 

i 

2733 

100 

2734 

“ 

100 

2735 

“ 

100 

1 

1 

2736 

u 

100 

! 

2737 

u 

100 

2738 

100 

j 

2739 

100 

2740 

“ 

100 

2741 

“ 

100 

i 

2742 

“ 

100 

1 

2743 

“ 

100 

i 

2744 

“ 

100 

2745 

“ 

100 

2746 

100 

2747 

u 

100 

2748 

100 

2749 

“ 

100 

2750 

100 

2751 

11 

100 

2752 

“ 

100 

2753 

“ 

100 

2754 

“ 

100 

2755 

“ 

100 

2756 

“ 

100 

2757 

» 

100 

2758 

“ 

100 

' 

2759 

;; 

100 

2760 

100 

2761 

“ 

100 

2762 

It 

100 

2763 

It 

100 

2764 

11 

100 

2765 

“ 

100 

2766 

11 

100 

2767 

100 

2768 

) 

to 

> Burnt, . . . i 

100 

3608 

) 1 

A CONDENSED  STATEMENT  CONCERNING  THE  BONDS 

DUE  IN  1854. 

These  Bonds  were  issued  under  a vote  of  the  Company,  and  some  of  them  were 
sold,  at  a discount  of  10  per  cent.,  but  as  sufficient  means  could  not  be  realised  from 
this  class  of  Bonds,  others,  denominated  “ Mortgage  Bonds,”  were  issued  instead, 
and  the  Bonds  of  1854,  which  had  been  sold,  were  repurchased  at  the  price  originally 
obtained  for  them.  Those  Bonds  of  this  class  represented  to  be  out  as  Collateral  upon 
J.  Quincy,  Jr.’s  Notes,  ($355,000)  have  since  been  redeemed  by  the  Company. 


TABLE  ITT.  — (Continued.) 


57 


BONDS  DUE  IN  1856. 


Number. 


Disposition. 


2501 

2502 

2503 

2504 

2505 

2506 

2507 

2508 

2509 

2510 

2511 

2512 

2513 

2514 

2515 

2516 

2517 

2518 

2519 

2520 

2521 

2522 

2523 

2524 

2525 

2526 

2527 

2528 

2529 

2530 

2531 

2532 

2533 

2534 

2535 

2536 

2537 

2538 

2539 

2540 

2541 

2542 

2543 

2544 

2545 

2546 

2547 

2548 

2549 

2550 

2551 

2552 

2553 

2554 

2555 

2556 

2557 

2558 

2559 

2560 

2561 

2562 

2563 

2564 

2565 


Paid  out,  . . 


Burnt, 

Paid  out,  . . 


Burnt,  . . 
Paid  out. 


Filed, 


Desig- 


Proceeds. 


Mode 

of 

Paym’t. 


Defaced,. . . 
Burnt, 


Sold, 


Collateral, 


Filed, 


$1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

loool 

looo; 

looo! 

lOOOl 

1000 

looo! 

loool 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

lOOOj 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 


Carried  for  ward, 
H 


$1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 

1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 

1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 
1000  00 


Scrip, 


By  whom 
Negociated. 


Amount  i 

of  I Remarks. 
Discount. 


917  50 
917  50 
922  50 
922  50 
907  50 
907  50 
907  50 
907  50 
907  50 
907  50 
960  00 
960  00 
960  00 


Cash, 


{Given  a* 
sample  to  J. 
P.  Putnam. 


$41,005  00 


Stock, 


J.  C.  Dunn, 

S.  Brown  & Sons, 
J.  C.  Dunn, 


G.  W.  Benedict, 


82  50 : 

82  50; 

77  50 
77  50, 

92  50' 

92  50 
92  50 
92  50 
92  50 
92  50 
40  00  ( 

nn  ) Vt.  & Boston 

40  00  < gtocit 

40  00,  V now  on  hand. 


$995  00 ; 


58 


TABLE  m.  — (Continued.) 


Bonds  due  in  1856. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

. Negociated, 

Amount 

of 

Discount. 

Remarks. 

Brought  for 

ward, 

541,005  00 

$995  00 

2566 

Filed, 

SIOOO 

2567 

u 

1000 

2568 

! u 

1000 

2569 

' U 

1000 

2570 

1 u 

1000 

2571 

a 

1000 

2572 

! u 

1000 

2573 

' U 

1000 

2574 

Burnt,  . . . . 

1000 

2575 

1000 

2576 

it 

1000 

2577 

Sold, 

1000 

877  50 

Cash, 

Willis  & Co.  . 

122  50 

2578 

Burnt, 

1000 

2579 

1000 

2580 

1000 

2581 

1000 

2582 

“ 

1000 

2583 

“ 

1000 

2584 

1000 

2585 

» 

1000 

2586 

it 

1000 

2587 

U 

1000 

1 

2588 

1000 

2589 

“ 

1000 

2590 

“ 

1000 

2591 

FHed,  .... 

1000 

2592 

1 u 

1000 

2593 

a 

1000 

2594 

! 

1000 

2595 

1 

1000 

2596; 

1000 

2597 

Bnmt, 

1000 

2598, 

Filed, 

1000 

2599' 

1000 

2600 

Burnt,  .... 

1000 

2601 

Collateral,  . 

1000 

2602, 

u ’ 

1000 

2603  j 

u 

1000 

2604: 

a 

1000 

2605 

u 

1000 

2606 

a 

1000 

2607 

1000 

2608 

1000 

26091 

a 

1000 

26101 

a 

1000 

2611 

Burnt, 

1000 

2612, 

“ 

1000 

2613; 

It 

1000 

2614 

Collateral,  . 

1000 

1 

2615: 

» 

1000 

1 

2616 

Burnt,  

1000 

2617: 

1000 

j 

i 

2618| 

1000 

26191 

a 

1000 

> 

2620 

a 

1000 

262l! 

1000 

1 

26221 

1000 

1 

i 

2623 

u 

1000 

1 

2624 

a 

1000 

2625! 

ii 

1000 

2626 

a 

1000 

2627: 

1000 

2628 

a 

1000 

2629 

a 

1000 

Carried  for 

ward,  1 

$41,882  50 

$1,117  50 

TABLE  ni. — (Continued.) 


59 


Bonds  due  in  1856. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

Remarks. 

Brought  for 

ward. 

$41,882  50 

$1,117  50 

2630 

Collateral,  . 

$1000 

2631 

1000 

2632 

U 

1000 

2633 

u 

1000 

2634 

Burnt,  .... 

1000 

2635 

a 

1000 

2636 

a 

1000 

2637 

u 

1000 

2638 

Filed, 

1000 

2639 

Burnt, 

1000 

2640 

ii 

1000 

2641 

U 

1000 

2642 

ii 

1000 

2643 

a 

1000 

2644 

u 

1000 

2645 

u 

1000 

2646 

a 

1000 

1 

2647 

u 

1000 

2648 

Filed, 

1000 

2649 

“ 

1000 

2650 

Burnt,  .... 

1000 

2651 

U 

1000 

2652 

Filed, 

1000 

2653 

U 

1000 

2654 

u 

1000 

2655 

Burnt, 

1000 

2656 

ii 

1000 

2657 

U 

1000 

1 

2658 

(( 

1000 

2659 

ii 

1000 

2660 

Collateral,  . 

1000 

2661 

U 

1000 

2662 

ii 

1000 

2663 

ii 

1000 

1 

2664 

Burnt, 

1000 

i 

2665 

ii 

1000 

! 

2666 

Filed, 

1000 

2667 

ii 

1000 

j 

2668 

ii 

1000 

2669 

ii 

loooi 

2670 

Burnt,  .... 

1000 

2671 

ir 

1000 

2672 

a 

1000 

1 

2673 

a 

1000 

1 

2674 

ii 

1000 

2675 

Filed, 

1000 

2676 

d 

1000 

2677 

Burnt,  .... 

1000 

2678 

Filed, 

1000 

2679 

u 

1000 

2680 

ti 

1000 

2681 

Burnt,  .... 

1000 

2682 

u 

1000 

2683 

u 

1000 

2684 

ii 

1000 

2685 

ii 

1000 

2686 

ii 

1000 

2687 

ii 

1000 

2688 

a 

1000 

2689 

a 

1000 

2690 

ii 

1000 

2691 

a 

Snlrl 

1000 

1000 

900  00 

Stock, 

100  00 

f Rec.  payt.  Vt. 

2693 

ii 

1000 

900  00 

100  00 

1 Valley  R.  R. 

J Stock,  now 
\ on  lifiml* 

Carried  for 

ward, 

$43,682  50 

$1,317  60 

2694 

2695 

2696 

2697 

2698 

2699 

2700 

2701 

2702 

2703 

2704 

2705 

2706 

2707 

2708 

2709 

2710 

2711 

2712 

2713 

2714 

2715 

2716 

2717 

2718 

2719 

2720 

2721 

2722 

2723 

2724 

2725 

2726 

2727 

2728 

2729 

2730 

2731 

2732 

2733 

2734 

2735 

2736 

2737 

2738 

2739 

2740 

2741 

2742 

2743 

2744 

2745 

2746 

2747 

2748 

2749 

2750; 

2751: 

2752 

2300 

2301 

2302 

2303 


TABLE  111.  — (Continued.) 


Bonds  due  in  1856. 


Desig- 


•ward, 

$1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000; 

looo! 

loooj 

1000 

1000, 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

500 

500 

500 

500 

ward, 


$43,682  50 
900  00 
900  00 
900  00 
900  00 
900  00 
900  00 
900  00 
900  00 
900  00 
900  00 
900  00 
900  00 
900  00 


:Mode 

of 

Payni’i. 


By  whom  i 

Amount 

of 

Negotiated.  ! 

i 

Discount. 

Remarks. 


lock,' i 

100  00' 

100  00 

» 

100  00 

“ 1 

100  00 

U i 

100  00 

“ i 

100  00 

100  00 

U i 

100  00 

<(  1 

100  00 

1 

100  00 

u 1 

100  oo: 

“ 1 

100  00’ 

100  00 

745  00  Cash,  Willis  & Co. 


Rec.  payment 
Vermont 
Valley  Rail 
Road  Stock, 
now  on  band. 


255  00 


500  00  Scrip, 

r.oo  00,  “ 

500  OOj  ‘‘ 


500  00! 


$58,127  50 


$2,872  50 


Given  to 
Printer  as 
sample  to 
print  from. 


moer. 

2304 

2305 

2306 

2307 

2308 

2309 

2310 

2311 

2312 

2313 

2314 

2315 

2316 

2317 

2318 

2319 

2320 

2321 

2322 

2323 

2324 

2325 

2326 

2327 

2328 

2329 

2330 

2331 

2332 

2333 

2334 

2335 

2336 

2337 

2338 

2339 

2340 

2341 

2342 

2343 

2344 

2345 

2346 

2347 

2348 

2349 

2350 

2351 

2352 

2353 

2354 

2355 

2356 

2357 

2358 

2359 

2360 

2361 

2362 


TABLE  ni. — (Continued.) 


61 


Carried  for! 


Bojids  due  in  1856. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

! 

Remarks. 

$58,127  50 

$2,872  60 

500 

500  00 

Scrip, 

500 

500  00 

“ 

500 

500  00 

500 

500  00 

“ 

500 

500  00 

U 

500 

500  00 

“ 

500 

500  00 

cc 

500 

500  00 

ii 

500 

500  00 

“ 

500 

500  00 

(( 

500 

500  00 

u 

500 

500  00 

(C 

500 

500  00 

“ 

500 

500  00 

“ 

500 

500  00 

“ 

500 

500  00 

u 

500 

500  00 

“ 

500 

500  00 

“ 

500 

500  00 

“ 

500 

500  00 

500 

500  00 

500 

500  00 

500 

500  00 

u 

500 

500  00 

500 

500  00 

“ 

500 

500  00 

“ 

500 

500  00 

n 

500 

500  00 

It 

500 

500  00 

“ 

500 

500  00 

“ 

500 

500  00 

‘‘ 

500 

500  00 

500 

500  OOi 

u 

500 

500  00 

500 

500  00 

a 

1 

500 

500  00 

! “ 

500 

500  00 

i “ 

500 

500  00 

500 

500  00 

1 “ 

500 

500  00 

1 “ 

1 

500 

500  00 

i 

1 

500 

500  00 

1 

t 

500 

500  00 

1 

500 

500  00 

i “ 

i 

500 

500  00 

1 a 

500 

500  00 

cc 

i 

500 

500  00 

1 

500 

500  00 

&C 

500 

500  00 

1 

500 

500  00 

1 

1 

500 

500  00 

it 

j 

500 

500  00 

! u 

500 

500  00 

it 

1 

I 

500 

600  00 

1 u 

1 

1 

500 

500  00 

1 

500 

500  00 

a 

500 

600  00 

\ u 

1 

500 

500  00 

1 u 

500 

500  00 

' U 

1 

500 

500  00 

1 it 

500 

500  00 

ii 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

ward, 

$90,127^0 

$2,872  50 

mber. 

2368, 

2369 

2370 

2371 

2372 

2373 

2374 

2375 

2376 

2377 

2378 

2379 

2380 

2381 

2382 

2383 

2384 

2385 

2386 

2387 

2388 

2389 

2390 

2391 

2392 

2393 

2394 

2395 

2396 

2397 

2398 

2399 

2400 

2401 

2402 

2403 

2404 

2405 

2406 

2407 

2408 

2409 

2410 

2411 

2412 

2413 

2414 

2415 

2416 

2417 

2418 

2419 

2420 

2421 

2422 

2423 

2424 

2425 

2426 

2427 

2428 

2429 

2430 

2431 


TABLE  III. — (Continued.) 


Bonds  due  in  1856. 


Carried  for 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

$90,127  50 

$2,872  50 

$500 

500  00 

Scrip, 

500 

500  00 

500 

500  00 

“ 

500 

500  00 

“ 

500 

500  00 

U 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

500 

500  00 

u 

500 

500  00 

500 

500  00 

U 

500 

500  00 

U 

500 

500  00 

i “ 

500 

500  00 

500 

500  00 

! 

500 

500  00 

500 

500  00 

U 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

a 

500 

500  00 

u 

500 

500  00 

Ci 

500 

500  00 

u 

500 

500  00 

a 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

500 

500  00 

u 

1 

500 

500  00 

1 

\ 

500 

500  00 

1 (( 

1 

500 

500  00 1 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

iC 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

500 

500  00 

u 

500 

500  00 

500 

500  00 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500 

500  00 

(( 

500 

500  00 

u 

500 

500  00 

ic 

500 

500  00 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

u 

500 

500  00 

500 

500  00 

ward. 

$121,627  50 

$2,872  50 

Bemarks. 


TABLE  III. — (Continued.) 


63 


Bonds  due  in  1856. 


mber. 

Disposition, 

1 

Desig- 

lation. 

M 

Proceeds.  i 

Pa 

Brought  for  \ 

yard. 

$121,627  50  . . 

2432  ] 

^aid  out,  . . 

$500 

$500  00  Sc 

2433 

U 

500 

500  00 

2434 

u 

500 

500  00 

2435 

(( 

500 

500  00 

2436 

500 

500  00 

2437 

u 

500 

500  00 

2438 

(C 

500 

500  00 

2439 

Li 

500 

500  00 

2440 

2441 

Burnt,  .... 
J’aid  out,  . . 

500 

500  00 

2442 

Li 

500 

500  00 

2443 

LL 

500 

500  00 

2444 

U 

500 

500  00 

2445 

LL 

500 

500  00 

2446 

Sold, 

500 

480  00  SI 

2447 

U 

500 

480  00 

2448 

Paid  out,  . . 

500 

500  00  S( 

2449 

Filed, 

500 

2450 

“ 

500 

2451 

Paid  out,  . . 

500 

500  00  S 

2452 

Sold, 

500 

438  75  C 

2453 

Burnt,  .... 

500 

2454 

Sold, 

500 

438  75  C 

2455 

Burnt,  .... 

500 

2456 

U 

500 

2457 

Li 

500 

2458 

Li 

500 

2459 

LL 

500 

2460 

LL 

500 

2461 

500 

2462 

Li 

500 

2463 

LL 

500 

2464 

LL 

500 

2465 

Filed, 

500 

2466 

500 

2467 

Burnt,  . , . , 

500 

2468 

500 

2469 

500 

2470 

LL 

500 

2471 

LL 

500 

1 

2472 

i 

500 

1 

2473 

; 

500 

1 

2474 

LL 

500 

) 

2475 

i “ 

50C 

1 

2476 

50C 

» 

2477 

' Sold, 

i “ 

50C 

) 440  00  ( 

2476 

50( 

) 440  00 

247£ 

1 “ 

50( 

) 440  00 

248C 

) » 

50( 

) 440  00 

248] 

L “ 

50{ 

) 440  00 

248£ 

50( 

) 440  00 

2486 

! “ 

50( 

) 440  00 

248^ 

50( 

) 440  00 

2486 

) “ 

50( 

3 440  00 

248( 

50( 

3 440  00 

248: 

j “ 

501 

3 440  00 

248! 

3 » 

50! 

3 440  00 

248! 

3 

50< 

O 453  75 

2491 

0 “ 

50' 

0 453  75 

249 

1 » 

50' 

0 453  75 

249! 

2 “ 

50 

0 453  75 

249: 

3 “ 

50 

0 453  75 

249 

4 “ 

50 

0 453  75 

249 

5 “ 

50 

0 453  75 

Carried  fo 

r ward. 

$139,421  25 

By  whom 
Negociated. 


Amount 

of 

Discount. 


Remoiks. 


$2,872  50 


Cash, . 


G.  W.  Benedict, 


WiUis  & Co. 


Willis  & Co 

60  00 

60  00 

(( 

60  00 

(( 

60  00 

(( 

60  00 

(( 

60  00 

u 

60  00 

u 

60  00 

u 

60  00 

il 

60  00 

u 

60  00 

u 

60  00 

J Q Pnrin  

46  25 

46  25 

LL 

46  25 

LL 

46  25 

Li 

46  25 

LL 

46  25 

LL 

46  25 

' $4,078  76 

20  00 
20  00 


61  25 
61  25 


(Rec.  in  pay’t. 
Vt.  & Boston 
Teleg’h  Stock 
now  on  hand. 


ZOUl 

200] 

2005 

200c 

2004 

200£ 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

2013 

2014 

2015 

2016 

2017 

2018 

2019 

2020 

2021 

2022 

2023 

2024 

2025 

2026 

2027 

2028 

2029 

2030 

2031 

2032 

2033 

2034 

2035 

2036 

2037 

2038 

2039 

2040 

2041 

2042 

2043 

2044 

2045 

2046 

2047 

2048 

2049 

2050 

2051 

2052 

2053 

2054 

2055 

2056 

2057 

2058 


TABLE  III.— (Continued.) 


Bonds  due  in  1856. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

ward. 

$139,421  2c 
• 453  75 

\ 

$500 

1 Cash, 

50C 

1 453  75 

50C 

1 453  75 

1 

500 

• 460  00 

1 

500 

1 460  00 

1 “ 

300 

300 

1 300  00 

1 300  00 

Scrip, 

300 

' 300  00 

(C 

300 

' 300  00 

4C 

300 

300  00 

U 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

300 

300  00 

300 

300  00 

300 

300  00 

300 

300  00 

300 

300  00 

300 

300  00 

44 

300 

300  00 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

300 

300  00 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

300 

300  00 

300 

300  00 

44 

300 

300  00 

300 

300  00 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

300 

300  00 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

44 

300 

300  00 

t^ard. 

$158,502  50  . 

Disposition. 


Brought  for 
Sold,  . . . 


Paid  out, 


iled,  . . . 
aid  out, 


By  whom 
Negociated. 


J.  C.  Dunn, 


Amount 

of 

Discount. 


^4,078  75 
46  25 
46  25 
46  25 
40  00 
40  00 


$4,297  50 


TABLE  III.  — (Continued.) 


65 


Bonds  due  in  1856. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

ward. 

$158,502  50 

$4,297  50 

2059 

Paid  out,  . . 

$300 

300  00 

Scrip, 

j 

2060 

U 

300 

300  00 

“ 

2061 

u 

300 

300  00 

“ 

f Destroyed  by 

2062 

“ 

300 

300  00 

mistake  by  J. 

2063 

Destroyed, . 

300 

1 

J Quincy,  Jr.  as 

I per  his  state- 

2064 

Paid  out,  . . 

300 

300  00 

Scrip, 

ment  on  Bond 

2065 

“ 

300 

300  00 

i 

[ Book. 

2066 

“ 

300 

300  00 

1 

2067 

U 

300 

300  00 

2068 

ii 

300 

300  00 

“ 

i 

2069 

a 

300 

300  00 

u 

2070 

a 

300 

300  00 

u 

'2071 

u 

300 

300  00 

“ 

! 

2072 

££ 

300 

300  00 

iC 

1 

2073 

« 

300 

300  00 

u 

i 

2074 

u 

300 

300  00 

u 

2075 

u 

300 

300  00 

iC 

1 

2076 

u 

300 

300  00 

u 

1 

2077 

u 

300 

300  00 

“ 

2078 

u 

300 

300  00 

iC 

2079 

u 

300 

300  00 

C6 

2080 

» 

300 

300  00 

Ci 

2081 

u 

300 

300  00 

a 

2082 

u 

300 

300  00 

u 

2083 

u 

300 

300  00 

u 

2084 

u 

300 

300  00 

u 

2085 

u 

300 

300  00 

(£ 

2086 

u 

300 

300  00 

(( 

2087 

u 

300 

300  00 

U 

2088 

u 

300 

300  00 

U 

2089 

Filed, 

300 

2090 

Paid  out,  . . 

300 

300  00 

tc* 

2091 

300 

300  00 

u 

2092 

a 

300 

300  00 

a 

2093 

u 

300 

300  00 

u 

2094 

u 

300 

300  00 

a 

2095 

iC 

300 

300  00 

u 

2096 

u 

300 

300  00 

CC 

2097 

u 

300 

300  00 

CC 

2098 

u 

300 

300  00 

a 

1 

2099 

a 

300 

300  00 

iC 

1 

1 

2100 

u 

300 

300  00 

CC 

I 

' 2101 

u 

300 

300  00 

CC 

2102 

Filed, 

300 

i 

j 

2103 

Paid  out,  . . 

300 

300  00 

2104 

300 

300  00 

u 

2105 

4( 

300 

.300  00 

u 

i 

2106 

(£ 

300 

300  00 

CC 

•I 

2107 

(( 

300 

.300  00 

CC 

i 

2108 

U 

300 

300  00 

CC 

1 

2109 

300 

300  00 

CC 

i 

2110 

300 

300  00 

CC 

! 

2111 

CC 

300 

300  00 

j 

j 

2112 

U 

300 

300  00 

CC 

1 

2113 

u 

300 

300  00 

CC 

1 

2114 

300 

300  00 

CC 

i 

2115 

, 

300 

300  00 

CC 

1 

1 

2116 

1 

300 

300  00 

CC 

2117 

300 

300  00 

CC 

2118 

i “ 

300 

300  00 

, CC 

211E 

300 

1 300  00 

, u 

212C 

> Filed, 

300 

1 

212] 

. Paid  out,  . . 

300 

1 300  00 

1 “ 

2125 

! “ 

300 

1 300  OO 

1 » 

Carried  foi 

• ward. 

$176,502  50 

$4,297  60 

1 

I 


66 


TABLE  m.  — (Continued.) 


Bonds  due  in  1856. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Pajm’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

3176,502  50 

34,297  50 

2123 

Paid  out,  . . 

3300 

3300  00 

I Scrip, 

j 

2124 

“ 

300 

300  00 

i 

2125 

300 

300  00 

(C 

1 i 

2126 

U 

300 

300  00 

(( 

! ! 

2127 

“ 

300 

300  00 

2128 

“ 

300 

300  00 

u 

1 

2129 

u 

300 

300  00 

i 

1 

2130 

(( 

300 

300  00 

j 

2131 

300 

300  00 

u 

2132 

300 

300  00 

n 

2133 

“ 

300 

300  00 

2134 

300 

300  00 

u 

! 

2135 

u 

300 

300  00 

1 

2136 

300 

300  00 

1 

2137 

Filed, 

300 

2138 

Paid  out,  . . 

300 

300  00 

i 

2139 

Filed, 

300 

1 

2140 

U 

300 

2141 

) 

to 

> Burnt,  . . 

300 

j 

2299 

) 

i 

1 

Paid  out,  . . 

100 

100  00 

Scrip, 

2 

“ 

100 

100  00 

u 

1 

S 

U 

100 

100  00 

u 

4 

“ 

100 

100  00 

n 

5 

100 

100  00 

u 

6 

“ 

100 

100  00 

a 

7 

100 

100  00 

S 

u 

100 

100  00 

u 

9 

“ 

100 

100  00 

u 

10 

100 

100  00 

u 

11 

u 

100 

100  00 

u 

12 

u 

100 

100  00 

Li 

13 

u 

100 

100  00 

u 

l4 

ll 

100 

100  00 

u 

15 

u 

100 

100  00 

ii 

16 

n 

100 

100  00 

« 

17 

a 

100 

100  00 

a 

18 

u 

100 

100  00 

ii 

19 

u 

100 

100  00 

u 

20 

“ 

100 

100  00 

(( 

21 

‘‘ 

100 

100  00 

u 

i 

22 

100 

100  00 

‘‘  i 

i 

23 

u 

100 

100  00 

I 

i 1 

24 

100 

100  00 

a { 

25 

u 

100 

100  00 

u 

26 

100 

100  00 

u 

27 

“ 

100 

100  00 

28 

(i 

100 

100  00 

u 

29 

“ 

100 

100  00 

30 

« 

100 

100  00 

31 

(( 

100 

100  00 

32 

100 

100  00 

u 

33 

100 

100  00 

‘‘ 

34 

“ 

100 

100  00 

u 

35 

“ 

100 

100  00 

u 

36 

“ 

100 

100  00 

« 

37 

100 

100  00 

38 

“ 

100 

100  00 

(( 

39 

100 

100  00 

ti 

• 

40 

“ 

100 

100  00 

41 

(( 

100 

100  00 

1 

42 

100 

100  00 

Carried  for 

wai'd. 

3185,202  50 

1 

34,297  50 

Remarks. 


s : 


J r 


er. 

43 

44 

45 

46 

47 

48 

49 

60 

61 

62 

53 

54 

65 

66 

67 

58 

59 

60 

61 

62 

63 

64 

65 

66 

67 

68 

69 

70 

71 

72 

73 

74 

75 

76 

77 

78 

79 

80 

81 


TABLE  III.  — ( Continued.) 


67 


Disposition. 


Bonds  due  in  1856. 


Desig- 

nation. 

Proceeds. 

Mode 

of. 

Paym’t. 

By  whom 

Negociated. 

$185,202  50 

$100 

'lOO  00 

Scrip, 

] 

100 

100  00 

“ 

100 

100  00 

100 

100  00 

“ I 

100 

100  00 

100 

100  00 

u I 

100 

100  00 

;;  I 

100 

100  00 

100 

100  00 

u i 

! 

100 

100  00 

i 

100 

100  00 

u 

! 

100 

100  00 

u 

I 

100 

100  00 

u 

I 

100 

100  00 

! 

100 

100  00 

u 

i 

j 

100 

100  00 

u 

i 

100 

100  00 

u 

j 

100 

100  00 

u 

■ 

100 

100  00 

I 

100 

100  00 

I 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

Li 

100 

100  00 

Li 

100 

100  00 

Li 

100 

100  00 

Li 

100 

100  00 

LL 

100 

100  00 

Li 

100 

100  00 

Li 

100 

100  00 

a 

100 

100  00 

ii 

100 

100  00 

ii 

100 

100  00 

ii 

i 

100 

100  00 

a 

I 

100 

100  00 

I 

100 

100  00 

Li 

j 

100 

100  00 

ii 

i 

100 

100  00 

ii 

i 

100 

100  00 

a 

i 

! 

100 

100  00 

ii 

100 

100  00 

a 

100 

100  00 

a 

100 

100  00 

a 

100 

100  00 

ii 

100 

100  00 

ii 

100 

100  00 

ii 

100 

100  00 

a 

100 

100  00 

ii 

100 

100  00 

ii 

100 

100  00 

ii 

100 

100  00 

ii 

100 

100  00 

100 

100  00 

ii 

100 

100  00 

100 

100  00 

tc 

100 

100  00 

I tc 

100 

100  00 

I 

100 

100  00 

I “ 

100 

1 

1 100  00 

I “ 

•ward, 

jpiyijOvA  ovj 

Amount  i 

of  I Remarks. 
Discount. 


$4,297  50 1 


I 

i 


$4,297  50 


iDer. 

107 

108 

109 

110 

111 

112 

113 

114 

115 

116 

117 

118 

119 

120 

121 

122 

123 

124 

125 

126 

127 

128 

129 

130 

131 

132 

133 

134 

135 

136 

137 

138 

139 

140 

141 

142 

143 

144 

145 

146 

147 

148 

149 

150 

151 

152 

153 

154 

155 

156 

157 

158 

159 

160 

161 

162 

163 

164 

165 

166 

167 

168 

169 

170 


TABLE  III.  — (Continued.) 


Bonds  due  in  1856. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Payra’t. 

By  whom 

Negociated. 

Amount. 

of 

Discount./ 

Remarks. 

ward, 

$191,602  50 

$4,297  50 

$100 

'lOO  00 

Scrip, 

1 

100 

100  00 

100 

100  00 

j 

100 

100  00 

100 

100  00 

“ 

j 

100 

100  00 

“ 

100 

100  00 

(C 

100 

100  00 

« 

100 

100  00 

u 

100 

100  00 

(( 

100 

100  00 

u 

100 

100  00 

(( 

100 

100  00 

100 

100  00 

a 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

U 

100 

100  00 

U 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

iL 

1 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

U 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

U 

100 

100  00 

100 

100  00 

100 

100  00 

j 

100 

100  00 

“ 1 

100 

100  00 

i 

100 

loo  00 

“ ! 

100 

100  00 

u i 

100 

100  00 

u 

100 

100  00 

a 

100 

100  00 

it 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

U 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

it 

100 

100  00 

ii 

100 

100  00 

a 

100 

100  00 

a 

100 

100  00 

cc 

100 

100  00 

a 

100 

100  00 

u 

ward, 

$198,002  50 

$4,297  50l 

oer. 

171 

172 

173 

174 

175 

176 

177 

178 

179 

180 

181 

182 

183 

184 

185 

186 

187 


TABLE  III.  — (Continued.) 


69 


Carried 


Bonds  due  in  1856. 


Desig- 

nation. 


Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated.  | 

$198,002  50 

i 

100  00  ; 

Scrip, 

100  00 

100  00 

u 

100  00 

ii 

100  00 

“ 

1 

100  00 

ll 

i 

100  00 

u 

1 

1 

100  00 

il 

1 

100  00 

i 

100  00 

u 

100  00 

“ 

100  00 

u 

100  00 

il 

100  00 

100  00 

“ 

100  00 

100  00 

100  00 

“ 

100  00 

100  00 

100  00 

100  00 

100  00 

100  00 

100  00 

“ 

) 100  00 

u 

) 100  00 

“ 

) 100  00 

“ 

) 100  00 

u 

) 100  00 

a 

) 100  00 

u 

) 100  00 

“ 

) 100  00 

u 

3 100  00 

n 

3 100  00 

(i 

3 100  00 

“ 

3 100  00 

u 

3 100  00 

u 

3 100  00 

u 

3 100  00 

li 

j 

0 100  00 

0 ’ 100  00 

“ 

0 100  00 

ll 

0 100  00 

ll 

0 100  00 

0 100  00 

“ 

0 100  00 

“ 

0 100  00 

ll 

0 100  00 

“ 

0 100  00 

u 

0 100  00 

0 100  00 

“ 

0 100  00 

1 « 

0 100  00 

1 “ 

0 100  00 

1 

0 100  00 

1 “ 

0 100  oo 

1 ‘'• 

.0  100  oc 

( “ 

lO  100  oc 

1 “ 

lO  100  oc 

1 “ 

10  100  oc 

► “ 

10  100  oc 

) “ 

10  100  oc 

) “ 

10  100  oc 

) “ 

, $204,402  6( 

) 

Amount 

of 

Discount. 


Remarks. 


^ard, 

$100 

100 

100 

100 


$4,297  50 


br  ward, 


$4,297  50. 


<40C 

237 

23^ 

239 

240 

241 

242 

243 

244 

245 

246 

247 

248 

249 

250 

251 

252 

253 

254 

255 

256 

257 

258 

259 

260 

261 

262 

263 

264 

265 

266 

267 

268 

269 

270 

271 

272 

273 

274 

275 

276 

277 

278 

279 

280 

281 

282 

283 

284 

285 

286 

287 

288 

289 

290 

291 

292 

293 1 

294 

295 1 

296 1 

297j 

298 


TABLE  ni.  — (Continued.) 


Bonds  due  in  1856. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Pajm’t. 

By  whom 

Negociated. 

Amount 

1 of 

1 Discount. 

ward, 

S204.402  50 

^ $4,297  50 

$100 

100  oo' Scrip, 

i 

100 

100  00 

u 

100 

100  00 

» 

1 

100 

100  00 

“ 

i 

100 

100  00 

u 

1 

100 

100  00 

i “ 

100 

100  00 

i 

100 

100  00 

1 “ 

1 

100 

100  00!  “ 

100 

100  oo!  “ 

i 

100 

100  00 

1 

100 

100  00 

1 LL 

\ 

1 

100 

100  00 

100 

100  00 

u 

1 

100 

100  00 

1 

100 

100  00 

u 

! 

100 

100  00 

a 

1 

100 

100  00 

! 

100 

100  00 

100 

100  00 

u 

100 

100  00 

100 

100  00 

u 

100 

100  00 

100 

100  00 

100 

100  00 

it 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

i 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  001 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

100 

100  ool 

u 

100 

100  oo! 

u 

100 

100  00 

u 

100 

100  ool 

u 

100 

100  00' 

u 

100; 

100  00| 

j 

lOOi 

100  oo' 

1 

100 

100  oo' 

1 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

100 

100  00 

“ i 

100 

100  00 

“ 1 

100 

100  00 

U I 

100 

100  OOi 

1 

100 

100  ooi 

“ ! 

100 

100  00 

U ' 

100 

100  00 

ii  j 

100 

100  oo' 

u j 

100 

100  00| 

U ' 

1 

100 

100  OOj 

LL  1 

t 

I 

100 

100  00; 

1 

i 

100 

100  00 

u 1 

I 

100 

100  00 

(C 

100 

100  OOj 

1 

“ 1 

1 

vard,  ! 

$210,802  5o[ 

$4,297  5o' 

Kemarks. 


TABLE  III.  — (Continued.) 


71 


Bonds  due  in  1856. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

Brought  for 

ward, 

$210,802  50 

$4,297  50 

299 

Paid  out,  . . 

$100 

100  00 

Scrip. 

800 

100 

100  00 

44 

301 

U 

100 

100  00 

: 

302 

(( 

100 

100  00 

' 

303 

U 

100 

100  00 

‘‘ 

304 

u 

100 

100  00 

4b 

j 

305 

u 

100 

100  00 

“ 

i 

306 

(4 

100 

100  00 

307 

100 

100  00 

1 

308 

100 

100  00 

309 

100 

100  00 

“ 

310 

U 

100 

100  00 

311 

100 

100  00 

44 

312 

U 

100 

100  00 

313 

u 

100 

100  00 

44 

314 

u 

100 

100  00 

315 

u 

100 

100  00 

316 

u 

100 

100  00 

317 

u 

100 

100  00 

44 

1 

318 

« 

100 

100  00 

44 

319 

U 

100 

100  00 

320 

(4 

100 

100  00 

“ 

321 

44 

100 

100  00 

“ 

322 

44 

100 

100  00 

“ 

323 

44 

100 

100  00 

, 44 

324 

44^ 

100 

100  00 

“ 

325 

44 

100 

100  00 

j 

326 

44 

100 

100  00 

“ 

327 

44 

100 

100  00 

i 

328 

44 

100 

100  00 

a 

329 

44 

100 

100  00 

330 

44 

100 

100  00 

1 

331 

44 

100 

100  00 

a 

332 

44 

100 

100  00 

“ 

333 

44 

100 

100  00 

u 

334 

44 

100 

100  00 

335 

44 

100 

100  00 

u 

336 

44 

100 

100  00 

“ 

337 

44 

100 

100  00 

“ 

838 

44 

loo 

100  00 

“ 

339 

44 

100 

100  00 

i 

340 

44 

loo 

100  00 

1 

341 

44 

loo 

100  00 

u 

342 

44 

loo 

100  00 

“ 

343 

44 

100 

100  00 

344 

44 

loo 

100  00 

“ 

345 

44 

loo 

100  00 

a 

1 

346 

44 

loo 

100  00 

u 

1 

347 

44 

loo 

100  00 

348 

44 

loo 

100  00 

“ 

1 

349 

44 

loo 

100  00 

350 

44 

loo 

- 100  00 

u 

351 

44 

loo 

I 100  00 

352 

loo 

1 100  00 

1 

353 

44 

loo 

1 100  00 

1 “ 

i 

354 

44 

loo 

1 100  00 

1 “ 

355 

loo 

1 100  00 

1 “ 

356 

1 “ 

loo 

1 100  oo 

1 “ 

357 

100 

( • 100  00 

1 » 

358 

! “ 

loc 

1 100  oc 

) “ 

35S 

\ 

loc 

1 100  oc 

1 “ 

1 

36C 

1 

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» “ 

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361 

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loc 

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! 

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1 100  oc 

) “ 

1 

Carried  foi 

• ward. 

1 $217,202  5C 

) 

1 $4,297  6( 

)l 

iDer. 

363 

364 

365 

366 

367 

368 

369 

370 

371 

372 

373 

374 

375 

376 

377 

378 

379 

380 

381 

382 

383 

384 

385 

386 

387 

388 

389 

390 

391 

392 

393 

394 

395 

396 

397 

398 

399 

400 

401 

402 

403 

404 

405 

406 

407 

408 

409 

410 

411 

412 

413 

414 

415 

416 

417 

418 

419 

420 

421 

422 

423 

424 

425 

426 


TABLE  m.  — (CoNTiJiUED.) 


Bonds  due  in  1856. 


Carried  for 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated, 

Amount 

of 

Discount. 

Remarks. 

§217,202  50 

$4,297  50 i 

1 

§100 

'lOO  00 

Scrip, 

100 

100  00 

100 

100  00 

u 

100 

100  00 

100 

100  00 

1 

100 

100  00 

u 

1 

100 

100  00 

u 

100 

100  00 

i; 

i 

100 

100  00 

u 

100 

100  00 

u 

100 

100  oc 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

“ 

1 

100 

100  00 

“ 

100 

100  00 

“ 

100 

100  00 

“ 

100 

100  00 

» 

100 

100  00 

“ 

100 

100  00 

u 

100 

100  00 

u 

1 

j 

100 

100  00 

j 

! 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

“ 

1 

100 

100  00 

100 

100  00 

100 

100  ool 

100 

100  ooj 

i “ 

i 

1 

100 

100  00| 

i ' 

100 

1 

100 

100  00' 

100 

100  OOl 

100 

100  00 

1 

100 

100  00 

a j 

100 

100  00 

100 

100  00 

I 

100 

100  00 

i 

100 

100  00 

1 ‘‘ 

100 

100  00 

i 

100 

100  00 

i u 

! 

1 

i 

100 

100  00 

U 

1 

! 

1 

1 

100 

100  00 

I 

100 

100  00 

“ 

1 

1 

100 

100  00 

1 ti 

100 

100  00 

“ 

100 

100  00 

! 

100 

100  00 

1 

100 

100  00 

1 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

a 

i 

100 

100  00 

! 

100 

100  00 

100 

100  00 

1 

100 

100  00 

“ 

100 

100  00 

- 100 

100  00 

“ 

100 

100  00 

“ 

100 

100  00 

1 

100 

100  00 

'ward, 

§223,502  50 

§4,297  5o| 

oer. 

427 

428 

429 

430 

431 

432 

433 

434 

435 

436 

437 

438 

439 

440 

441 


TABLE  HE. — (CoKTiNUED.) 


78 


Bonds  due  in  1856. 


Desig- 

nation. 


Mode 

of 

Paym’t, 


By  whom 
Negociated. 


Amount 

of 

Discount. 


Remarks. 


rard. 

$223,502  50  . 

$100 

100  00  s 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

- 100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

100  00 

100 

, 100  00 

100 

, 100  00 

100 

1 100  00 

100 

1 100  00 

IOC 

1 100  00 

IOC 

1 100  00 

IOC 

) 100  00 

IOC 

) 100  00 

IOC 

) 100  00 

IOC 

) 100  00 

10( 

) 100  00 

'ward, 

1 $229,902  50 

Scrip, 


$4,297  50 


$4,297  50 


iDer. 

491 

492 

493 

494 

495 

496 

497 

498 

499 

500 

501 

502 

503 

504 

505 

506 

507 

508 

509 

510 

511 

512 

513 

514 

515 

516 

517 

518 

519 

520 

521 

522 

523 

524 

525 

526 

527 

528 

529 

530 

531 

532 

533 

534 

535 

536 

537 

538 

539 

540 

541 

542 

543 

544 

645 

646 

347 

548 

649 

650 

651 

552 

653 

654 


TABLE  ni.  — (Continued.) 


Bonds  due  in  1856. 


Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

Remarks. 

$229,902  50 

$4,297  50 

Paid  out,  . . 

$100 

100  00 

Scrip, 

100 

100  00 

44 

(( 

100 

100  00 

44 

U 

100 

100  00 

44 

U 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

“ 

“ 

100 

100  00 

“ 

u 

100 

100  00 

44 

u 

100 

100  00 

“ 

100 

100  00 

44 

(( 

100 

100  00 

44 

100 

100  00 

44 

100 

100  00 

» 

u 

100 

100  00 

u 

100 

100  00 

44 

u 

100 

100  00 

“ 

u 

100 

100  00 

44 

u 

100 

100  00 

44 

(C 

100 

100  00 

“ 

cc 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

“ 

u 

100 

100  00 

44 

u 

100 

100  00 

100 

100  00 

44 

(( 

100 

lOO  00 

(( 

100 

100  00 

44 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

44 

iC 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

44 

100 

100  00 

44 

(C 

100 

100  00 

44 

u 

100 

100  00 

44 

100 

100  00 

it 

(C 

100 

100  00 

44 

u 

100 

100  00 

it 

iL 

100 

100  00 

it 

C£ 

100 

100  00 

44 

u 

100 

100  00 

44 

ii 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

44 

100 

100  00 

it 

u 

100 

100  00 

it 

(( 

100 

100  00 

it 

u 

100 

100  00 

44 

a 

100 

100  00 

44 

100 

100  00 

44 

u 

100 

100  00 

44 

u 

100 

100  00 

it 

u 

100 

100  00 

it 

u 

100 

100  00 

44 

(4 

100 

100  00 

44 

44 

100 

100  00 

44 

44 

100 

100  00 

44 

44 

100 

100  00 

44 

44 

100 

100  00 

44 

Carried  for 

ward, 

$236,302  50 

$4,297  50 

iber. 

555  1 

556 

557 

558 

559 

560 

561 

562 

563 

564 

565 

566 

567 

568 

569 

570 

5711 

5721 

573j 

5741 

6751 

576^ 

5771 

678, 

679 

580 

681 

582  i 

683! 

6841 

685 

686 

587 

688 

589 

590 

691 

■592 

593 

694 

595 

596 

697 

698 

599 

600 

601 

602 

603 

604 

605 

606 

607 

608 

609 

610 

611 

612 

613 

614 

615 

616 

617 

618 


TABLE  III. — (Continued.) 


75 


Bonds  due  in  1856. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

$236,302  50 
100  00 

$100 

Scrip, 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

100 

100  00 

u 

100 

100  00 

100 

100  00 

100 

100  00 

ii 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

ii 

100 

100  00 

100 

100  00 

100 

100  00 

a 

100 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

a 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

a 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

it 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

a 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

a 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

a 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

1 u 

100 

100  00 

100 

100  00 

a 

100 

100  00 

a 

100 

100  CM) 

a 

100 

100  00 

u 

100 

100  00 

a 

100 

100  00 

a 

100 

100  00 

a 

100 

100  00 

ii 

100 

100  00 

il 

100 

100  00 

a 

100 

100  00 

100 

100  00 

(( 

100 

1 100  00 

(( 

100 

1 100  00 

no  AO  £if\0 

a 

ward, 

ou 

Amount 

of 

Discount. 


Bemarks. 


$4,297  60 


( 


$4,297  60 


loer. 

619 

620 

621 

622 

623 

624 

625 

626 

627 

628 

629 

630 

631 

632 

633 

634 

635 

636 

637 

638 

639 

640 

641 

642 

643 

644 

645 

646 

647 

648 

649 

650 

651 

652 

653 

654 

655 

656 

657 

658 

659 

660 

661 

662 

663 

664 

665 

666 

667 

668 

669 

670 

671 

672 

673 

674 

675 

676 

677 

678 

679 

680 

681 

682 


TABLE  m.  — (Continued.) 


Bonds  due  in  1856. 


ward, 

$100 

100 

loa 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

loo 

loo 

100 

100 

100 

100 


Carried  foriward, 


Desig- 

nation. 


Proceeds. 

Mode 

of 

Paym't. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

$242,602  50 

$4,297  50 

'lOO  00 

Scrip, 

100  00 

100  00 

u 

100  00 

“ 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

<( 

100  00 

“ 

100  00 

“ 

100  00 

“ 

100  00 

100  00 

100  00 

“ 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

“ 

100  00 

u 

100  00 

u 

100  00 

100  00 

100  00 

100  00 

100  00 

u ! 

100  00 

u 

100  00 

a 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

ii 

100  00 

100  00 

it 

100  00 

it 

100  00 

u 

100  00 

it 

100  00 

u 

100  00 

a 

100  00 

ii 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

u 

100  00 

ii 

100  00 

ii 

100  00 

ii  . 

100  00 

ii 

100  00 

u 

100  00 

u 

100  00 

it 

100  00 

ii 

100  00 

it 

100  00 

ii 

100  00 

(( 

100  00 

u 

100  00 

ii 

100  00 

ii 

100  00 

ii 

100  00 

u 

100  00 

u 

$249,002  50 

$4,297  50 

' 

TABLE  ni.  — (Continued.) 


77 


Bonds  due  in  1856. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Kemarks. 

$249,002  50 

$4,297  50 

683] 

Paid  out,  . . 

$100 

100  00 

Scrip, 

684 

U 

100 

100  00 

685 

it 

100 

100  00 

ii 

686 

u 

100 

100  00 

ii 

687 

u 

100 

100  00 

ii 

688 

a 

100 

100  00 

689 

a 

100 

100  00 

ii 

690 

a 

100 

100  00 

ii 

691 

ii 

100 

100  00 

ii 

692 

ii 

100 

100  00 

693 

u 

100 

100  00 

u 

694 

u 

100 

100  00 

695 

ii 

100 

100  00 

696 

ii 

100 

100  00 

697 

ii 

100 

100  00 

698 

(( 

100 

100  00 

699 

ii 

100 

100  00 

700 

ii 

100 

100  00 

701 

ii 

100 

100  00 

702 

ii 

100 

100  00 

703 

ii 

100 

100  00 

704 

ii 

100 

100  00 

705 

ii 

100 

100  00 

706 

ii 

100 

100  00 

707 

ii 

100 

100  00 

708 

ii 

100 

100  00 

709 

ii 

100 

100  00 

it 

710 

Filed, 

100 

711 

100 

712 

ii 

100 

713 

Paid  out,  . . 

100 

100  00 

ii 

714 

a ’ 

100 

100  00 

it 

715 

ii 

100 

100  00 

(( 

716 

ii 

100 

100  00 

ii 

717 

Filed, 

100 

718 

ii 

100 

719 

Paid  out,  . . 

100 

100  00 

ii 

720 

a 

100 

100  00 

ii 

721 

a 

100 

100  00 

ii 

722 

a 

100 

100  00 

ii 

723 

a 

100 

100  00 

ii 

724 

a 

100 

100  00 

725 

(( 

100 

100  00 

726 

a 

100 

100  00 

(C 

727 

ii 

100 

100  00 

728 

a 

100 

100  00 

ii 

t 

729 

a 

100 

100  00 

ii 

1 

730 

a 

100 

100  00 

j 

731 

a 

100 

100  00 

(( 

I 

732 

a 

100 

100  00 

ii 

1 

733 

a 

100 

100  00 

1 

! 

734 

a 

100 

100  00 

1 

i 

735 

a 

100 

100  00 

1 “ 

736 

1 

100 

1 100  oo 

1 “ 

1 

737 

u 

100 

1 100  oc 

1 “ 

i 

73S 

i “ 

100 

1 100  oc 

1 “ 

j 

73£ 

1 “ 

lOO 

1 100  oc 

) “ 

74( 

) “ 

lOO 

f 100  oc 

) 

741 

L 

IOC 

) 100  oc 

) “ 

745 

1 “ 

IOC 

) 100  oc 

) “ 

74J 

5 “ 

IOC 

) 100  oc 

) “ 

74^ 

1 “ 

IOC 

) 100  oc 

) “ 

74i 

) “ 

IOC 

) 100  oc 

) “ 

74( 

3 “ 

10( 

) 100  0( 

) “ 

— 

1 $4,297  6C 

)| 

1 Carried  fo: 

r ward, 

^254, 0\ 

aoer. 

747 

748 

749 

750 

751 

752 

753 

754 

755 

756 

757 

758 

759 

760 

761 

762 

763 

764 

765 

766 

767 

768 

769 

770 

771 

772 

773 

774 

775 

776 

777 

778 

779 

780 

781 

782 

783 

784 

785 

786 

787 

788 

789 

790 

791 

792 

793 

794 

795 

796 

797 

798 

799 

800 

801 

802 

803 

804 

805 

806 

807 

808 

809 

810 


TABLE  III.  — (Continued.) 


Bonds  due  in  1856. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

ward, 

$254,902  50 

$4,297  60 

$100 

100  00 

Scrip, 

100 

100  00 

“ 

100 

100  00 

u 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

100 

100  00 

u 

100 

100  00 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

j 

100 

100  00 

(( 

100 

100  00 

! 

100 

100  00 

100 

100  00 

u 

1 

j 

100 

100  00 

u 

! 

100 

100  00 

100 

100  00 

i 

100 

100  00 

a 

100 

100  00 

u 

100 

100  00 

u 

1 

100 

100  00 

1 

100 

100  00 

u 

100 

100  00 

loo; 

300  00 

u 

100 

100  00 

u 

100 

100  00 

100 

100  00 

ti 

100 

100  00 

ii 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

(( 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

100 

100  00 

u 

100 

100  00 

(C 

100 

100  00 

100 

100  00 

II 

100 

100  00 

100 

100  00 

(( 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

u 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

ii 

100 

100  00 

a 

100 

100  00 

100 

100  00 

ii 

100 

100  00 

ii 

100 

100  00 

ii 

100 

100  00 

iL 

100 

100  00 

100 

100  00 

u 

100 

100  00 

it 

100 

100  00 

100 

100  00 

100 

100  00 

u 

100 

100  00 

u 

! ward, 

$261,302  60 

\ 

$4,297  50 

TABLE  in.  — (Continued.) 


79 


Bonds  due  in  1856. 


Desig- 

1 

Mode 

By  whom 

Amount 

Number. 

Disposition, 

1 

Proceeds. 

of 

of 

ration. 

I 

’aym’t- 

Negociated. 

Discount. 

Brought  for  -v 
^aid  out,  . . 

vard. 

$261,302  50  . 

$4,297  50 

811 

$100 

100  00  8 

scrip. 

812 

ii 

100 

100  00 

813 

U 

100 

100  00 

u 

814 

a 

100 

100  00 

u 

815 

(( 

100 

100  00 

“ 

816 

u 

100 

100  00 

“ 

817 

u 

100 

100  00 

818 

(( 

100 

100  00 

“ 

819 

(( 

100 

100  00 

820 

u 

100 

100  00 

il 

821 

“ 

100 

100  00 

ll 

822 

“ 

100 

100  00 

“ 

823 

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loo 

100  00 

“ 

824 

“ 

100 

100  00 

“ 

825 

u 

100 

100  00 

(( 

826 

u 

100 

100  00 

“ 

827 

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100 

100  00 

ll 

828 

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loo 

100  00 

ll 

829 

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100 

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“ 

830 

u 

100 

100  00 

(( 

831 

u 

100 

100  00 

832 

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100 

100  00 

ll 

833 

100 

100  00 

ll 

834 

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100  00 

ll 

835 

100 

100  00 

ll 

836 

“ 

100 

100  00 

“ 

837 

“ 

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100  00 

838 

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loo 

100  00 

“ 

839 

loo 

100  00 

ll 

840 

« 

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100  00 

ll 

841 

u 

100 

100  00 

il 

842 

u 

loo 

100  00 

ll 

843 

u 

loo 

100  00 

ll 

844 

ll 

loo 

100  00 

ll 

845 

ii 

100 

100  00 

ll 

846 

u 

loo 

100  00 

ll 

847 

il 

loo 

100  00 

ll 

848 

(( 

100 

100  00 

ll 

849 

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100 

100  00 

850 

(( 

loo 

100  00 

u 

851 

u 

loo 

100  00 

“ 

852 

(( 

100 

100  00 

“ 

853 

1 u 

100 

100  00 

854 

a 

100 

1 100  00 

1 

855 

i “ 

loo 

1 100  00 

1 “ 

856 

1 II 

loo 

1 100  00 

1 » 

857 

100 

1 100  oc 

1 “ 

858 

! “ 

loo 

t 100  oc 

1 “ 

858 

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IOC 

1 100  oc 

1 “ 

86( 

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1 100  oc 

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) “ 

868 

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868 

86^ 

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4 00 

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4 00 

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10( 

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86' 

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10( 

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3 “ 

861 

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10( 

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3 “ 

861 

9 “ 

10( 

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3 “ 

87' 

0 “ 

10( 

3 100  01 

3 “ 

87 

1 » 

101 

3 100  O' 

3 “ 

87 

2 “ 

10' 

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3 “ 

87 

3 “ 

10 

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87 

4 “ 

10 

o 

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1 

Carried  fo 

ir  ward, 

, $267,694  6 

1 $4,306  60 

Remarks. 


{Rec.  pay’t.  In 
Vt,  & Boston 
Telepi’h  Stock 
now  on  hand. 


80 


TABLE  in.  — (Continued.) 


Bonds  due  in  1856. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Eemarks. 

$267,694  5C 

1 $4,305  5( 

) 

87c 

Paid  out,  . 

$10C 

'lOO  oc 



)' Scrip, 

876 

IOC 

100  oc 

“ 

877 

u 

IOC 

100  oc 

“ 

878 

“ 

IOC 

100  oc 

“ 

879 

“ 

IOC 

100  oc 

“ 

880 

IOC 

100  oc 

“ 

881 

IOC 

100  oc 

882 

U 

lOO 

100  oc 

“ 

883 

U 

100 

100  oo 

1 

884 

U 

100 

100  00 

885 

“ 

100 

100  00 

“ 

886 

“ 

100 

100  00 

887 

“ 

100 

100  00 

888 

(C 

100 

100  00 

889 

u 

100 

100  00 

u 

890 

a 

100 

100  00 

“ 

891 

“ 

100 

100  00 

“ 

• 

892 

u 

100 

100  00 

“ 

893 

“ 

100 

100  00 

a 

V 

894 

(( 

100 

100  00 

895 

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100 

100  00 

» 

896 

u 

100 

100  00 

“ 

897 

u 

100 

100  00 

tt 

898 

u 

100 

100  00 

tt 

899 

a 

100 

100  00 

tt 

900 

100 

100  00 

901 

a 

100 

100  00 

it 

902 

u 

100 

100  00 

it 

903 

100 

100  00 

tt 

904 

100 

100  00 

it 

905 

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100 

87  00 

Cash, 

Willis  & Co 

13  00 

906 

Paid  out,  . . 

100 

100  00 

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907 

100 

100  00 

908 

(( 

100 

100  00 

(( 

909 

u 

100 

100  00 

tt 

910 

it 

100 

100  00 

it 

911 

u 

100 

100  00 

tt 

912 

u , 

100 

100  00 

tt 

913 

a 

100 

100  00 

tt 

914 

a 

100 

100  00 

it 

915 

u 

100 

100  00 

it 

916 

it 

100 

100  00 

tt 

917 

u 

100 

100  00 

» 

918 

u 

100 

100  00 

it 

919 

u 

100 

100  00 

it 

920 

it 

100 

100  00 

it 

921 

it 

100 

100  00 

it 

922 

u 

100 

100  00 

it 

923 

it 

100 

100  00 

tt 

924 

it 

100 

100  00 

it 

925 

a 

100 

100  00 

926 

tt 

100 

100  00 

it 

927 

it 

100 

100  00 

it 

928 

tt 

100 

100  00 

it 

929 

tt 

100 

100  00 

it 

r 

930 

it 

100 

100  00 

it 

931 

tt 

100 

100  00 

it 

932 

100 

100  00 

it 

933 

100 

100  00 

it 

' 

934 

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100 

100  00 

tt 

935 

it 

100 

100  00 

tt 

936 

) 

to 

> On  hand, 

100 

1189 

) 

Carried  for  ^ 

svard, 

$273,781  50 

$4,318  50 

TABLE  in.  — (Continued.) 


81 


Bonds  due  in  1856. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Payin’t. 

i 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

Remarks. 

1190 

1191 

1192 
to 

1792 
No  No’s 
No  No’s 

Brought  for 

Filed, 

Missiug,  . . . 

> Burnt,  . . 

Burnt,  . .'. . 
On  hand,  . . 

ward, 

$100 

100 

100 

100 

100 

i 

$273,781  50 

I 

$4,318  50 

( Missing, 

) signed  b}'  the 
j President 
t only,  however 

188  Bonds. 
1357  Bonds. 

1 

$273,781  50 

$4,318  50 

A CONDENSED  STATEMENT  CONCERNING  THE  BONDS 

DUE  IN  1856. 


The  Bonds  of  1856  were  issued  in  1850  for  the  purpose  of  relieving  the  Company 
from  paying  cash  dividends  to  the  Stockholders,  and  were  not  intended  for  sale, 
or  to  be  used  as  Collateral.  A considerable  portion  of  them  have  been  applied 
to  the  purposes  intended,  but  some  also  have  been  sold,  and  some  used  as  Collateral. 

The  Ledger  Account  of  these  Bonds  differed  from  the  actual  state  of  the  Bond 
Account,  in  the  following  respects,  viz  : Nos.  2089,  for  $300,  and  396,  for  $100,  had 
been  returned,  after  their  sale,  in  part  exchange  for  No.  2416,  for  $500,  cash  being 
paid  for  the  balance  of  $100.  Also,  No.  2451,  for  $500,  had  been  sold.  No  entries 
of  either  of  these  transactions  appeared  upon  the  “ Record  ” of  the  1856  Bonds.  No. 
905,  for  $100,  was  twice  entered  as  sold.  These  errors  have  now  been  rectified. 

Of  the  Bonds  sold  the  following  is  a statement : — 


$4,200  at  2 per  cent 

2.000  “ 7f  “ “ 

1.000  “ 8 “ “ 

2.000  “ 84  “ “ 

11.000  “ 9|  “ “ 

15.000  “ 10  “ “ 

6.000  “ 12  “ “ 

2.000  “ 124  » 

100  “ 13  “ “ 

1.000  “ 25^  “ “ 


dis.,  to  G.  W.  Benedict,  for  Vt.  and  Boston  Telegrajih  Stock. 
“ “ Stephen  Brown  & Sons. 

“ “ James  C.  Dunn. 

u u u “ 

it  a u “ 

a u for  Vermont  ^ alley  Ibillroa<l  Stock. 

“ “ Willis  & Co. 

a ii  u a 

a it  u u 

a a a “ 


K 


82 


TABLE  III.  — (Continued.) 


The  Stocks  received  for  part  of  the  above  Bonds  are  still  on  hand,  and  have  not 
been  estimated  as  worth  anything  in  the  present  estimate  of  Assets  of  the  Company. 

Total  amount  paid  out  for  Dividends, S233,800  00 

“ “ sold, 44,300  00 

$278,100  00 

Amount  issued  as  Collateral  on  Mr.  Quincy’s  Notes,  . . $28,000  00 

These  have  now  been  taken  up  by  the  Company. 


Note.  — Nos.  1191,  for  $100,  is  unaccounted  foi',  but  was  signed  by  the  President  only;  2063, 
for  $300,  was  destroyed  by  J.  Quincy,  Jr.,  through  accident,  as  stated  by  his  certificate  on 
margin  of  the  Bond  Book;  2541  and  2752,  for  $1000  each,  were  defaced,  and  the  first  lent  to  J. 
P.  Putnam,  Counsel  of  the  Company,  and  the  other  lent  to  the  printer  as  a sample. 


ber. 

;’r’d  ( 

1 ] 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

*13 

l4  i 

15 

16 

17 

18 

19 

20  ] 

21'^ 

22  1 

23  !: 

24 

25 

26 

27 

28 

29 

30 

to 

100 

1011 

to  I 

202' 

203|] 

204  i 

205 

206 

207 

208 

209 

210 

211 

212 

213 

214 

215 

216 

217 

218 

219 

220 

221 

222 

223 

224 

225 

226 

227 

228 

229! 


TABLE  III.  — (Continued.) 


83 


ORT 


GAGE  BONDS  DUE  IN  1861. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negoeiated. 

10,000 

5000 

5000 

5000 

1 

5000 

5000 

5000 

1 

5000 

5000 

j 

5000 

5000 

5000 

5000 

5000 

5000 

4400  00 

Cush,. 

B.  Brown,  Jr 

5000 

4256  25 

u 

J.  Quincy,  Jr | 

5000 

4256  25 

a 

‘‘ 

5000 

4256  25 

u 

U 

5000 

4256  25 

u 

ii 

5000 

4256  25 

5000 

5000 

4250  00 

u 

W.  C.  Hickock, 

5000 

5000 

4250  00 

(( 

J.  A.  Underwood, 

5000 

4250  00 

u 

“ 

5000 

4250  00 

u 

Henshaw  & Sons,  .... 

5000 

4250  00 

(( 

“ 

5000 

4250  00 

u 

u 

5000 

4250  00 

(( 

J.  A.  Underwood,  .... 

5000 

4250  00 

(( 

Henshaw  & Sons,  .... 

5000 

5000 

5000 

1000 

850  00 

Cash, 

i i 

I.  Lombard,  ; 

1000 

850  00 

1 a ' 

U 

1000 

850  00 

u 

ii 

1000 

850  00 

ii 

1000 

850  00 

ii 

1000 

850  00 

(( 

a 

1000 

850  00 

U 

William  Appleton,. . . . 

1000 

850  00 

u 

“ 

1000 

850  00 

it 

1000 

850  00 

a 

1000 

850  00 

a 

1000 

850  00 

u 

ii 

1000 

850  00 

a 

ii 

1000 

850  00 

Li 

1000 

850  00 

a 

(4 

1000 

850  00 

ii 

1000 

850  00 

1000 

850  00 

a 

44 

1000 

850  00 

a 

Acors  Barnes, 

1000 

850  00 

a 

44 

1000 

855  00 

a 

Arthur  McAvoy, 

1000 

S57  50 

a 

ij.  C.  Dodge, 

1000 

1 857  50 

a 

1000 

857  50 

a 

1000 

1 857  50 

a 

44 

1000 

i 857  50 

it 

ward, 

1 $81,823  75 



Amount 

of 

Discount. 


I 


600  00 
743  75 
743  75 
743  75 
743  75 
743  75 

750  00 

750  00 
750  00 
750  00 
750  00 
750  00 
750  00 
750  00 


150 

00 

150 

00 

150 

00 

150 

00 

150 

OOl 

150 

00 

150 

00 

150 

00 

150 

00 

150 

OOl 

150 

001 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00! 

150 

00 

150 

OOl 

150 

Ool 

150 

oo' 

145 

00 

142 

50 

142 

50 

142 

50 

142 

50 

142 

50 

$14,176 

25 

Remarks. 


99  Bonds. 


{Given  ns 
sain))lc  to  G. 
S.  Harris, 
Treasurer  of 
Northern 
Railroad. 


84 


TABLE  III. — (CONTINOED.) 


Mortgage  Bonds  due  in  1861. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t 

By  whom 

Negociated. 

Amount. 

of 

Discount. 

Bemarks. 

$81,823  75 

$14,176  25 

230 

Sold,T 

siodo 

857  50 

Cash, 

J.  Quincv,  

142  50 

231 

1000 

857  50 

ii 

142  50 

232 

“ 

1000 

857  50 

ii 

“ 

142  50 

233 

1000 

857  50 

ii 

u 

142  50 

234 

“ 

1000 

857  50 

“ 

“ 

142  50 

235 

1000 

850  00 

Gilbert  & Sons, 

150  00 

236 

1000 

850  00 

“ 

i 

150  00 

237 

1000 

852  50 

“ 

T.  C.  Leeds, 

147  50 

238 

“ 

1000 

852  50 

“ 

“ 

147  50 

239 

1000 

852  50 

‘‘ 

147  50 

240 

1000 

852  50 

“ 

“ 

147  50 

241 

a 

1000 

852  50 

“ 

147  50 

242 

1000 

852  50 

(( 

1 147  50 

243 

“ 

1000 

852  50 

u 

(( 

147  50 

244 

1000 

852  50 

u 

1 147  50 

245 

“ 

1000 

857  50 

“ 

-^bner  Sanger, 

1 142  50 

246 

“ 

1000 

857  50 

“ 

i 

1 142  50 

247 

1000 

857  50 

“ 1 

1 u 

1 142  50 

248 

1000 

850  00 

u 

Wm.  McLain, 

; 150  00 

249 

ii 

1000 

850  00 

“ 

1 u 

j 150  00 

250 

1000 

850  00 

“ 

1 150  00 

251 

1000 

850  00 

“ 

“ 

i 150  00 

252 

1000 

850  00 

“ 

150  00 

253 

lb 

1000 

850  00 

ii 

150  00 

254 

1000 

850  00 

“ 

150  00 

255 

1000 

850  00 

ii 

“ 

150  00 

256 

1000 

850  00 

150  00 

257 

1 “ ' 

1000 

: 850  00 

“ 

! “ 

150  00 

258 

i 

1000 

■ 870  00 

■ ii 

L.  Gulliver, 

130  00 

259 

1 u 

1 

1000 

1 870  00 

ii 

1 u 

! 130  00 

260 

1000 

870  00 

' “ i 

\ 

130  00 

261 

“ i 

1000 

870  00 

ii 

ii 

130  00 

262 

“ ' 

1000 

1 870  00 

ii 

ii 

130  00 

263 

1 “ 

1000 

1 870  00 

ii 

130  00 

264 

“ 

1000 

! 870  00 

ii 

“ 

130  00 

265 

1 u 

1000 

870  00 

: ii 

1 

i 130  00 

266 

1000 

870  00 

' “ 

ii 

130  00 

267 

“ 1 

1000 

j 850  00 

“ ; 

Henshaw  & Sons,  . . . . 

150  00 

268 

1000 

j 850  00 

150  00 

269 

u 

1000 

; 850  00 

u 

“ 

150  00 

270 

1000 

: 850  00 

ii 

“ 

150  00 

271 

1000 

[ 850  00 

ii 

“ 

150  00 

272 

1000 

850  00 

“ 

150  00 

273 

1000 

1 850  00 

ii 

150  00 

274 

1000 

: 850  00 

150  00 

275 

1000 

; 850  00 

ii 

“ 

150  00 

276 

u ' 

1000 

' 850  00 

' ii 

“ 

150  00 

277 

1000 

I 850  00 

ii 

Caleb  M.  Dver, 

150  00 

278j 

! 

1000 

900  00 

ii 

C.  Davenport,  

100  00 

279 

“ 1 

lOOOj 

900  00 

100  00 

280 

lOOO’ 

900  00 

ii 

100  00 

281 

looo! 

900  00 

ii 

ii 

100  00 

282 

ii 

1000 

900  00 

ii 

100  00 

283 

ii 

1 

1000 

850  00 

u 1 

T.  M.  Edwards, 

150  00 

284 

ii  , 

1000 

880  00 

u 

B.  Bro\vn,  Jr 

120  00 

285 

ii  1 

lOOOj 

880  00 

(( 

ii 

120  00 

286 

1000 

880  00 

(( 

ii 

120  00 

287 

i “ i 

10001 

880  00 

ii 

1 120  00 

288 

1 u 1 

i 1 

1000 

880  00 

a 

u 

120  00 

289 

u 

1000' 

880  00 

“ i 

120  00 

290 1 

I 

lOOOj 

880  00 

“ 1 

120  00 

291 

“ 1 

1000 

880  00 

it 

it  \ 

1 

120  00 

292 

!!  ! 

1000 

851  25 

a 

J.  Quincy,  Jr 1 

148  75 

293 

1 ‘ i 

1000] 

851  25 

1 

148  75 

1 

1 Carried  for 

ward,  1 

$136,976  26 

$23,023  75 

TABLE  III.  — (Continued.) 


85 


Mortgage  Bonds  due  in  1861. 


her. 

Disposition. 

Desig- 

nation. 

n 

Proceeds. 

Pi 

294 

Brought  for 
50lcl, 

vard, 

$1000 

$136,976  25  . . 
851  25  Ci 

295 

U 

1000 

851  25 

296 

U 

1000 

851  25 

297 

1000 

851  25 

298 

1000 

851  25 

299 

U 

1000 

851  25 

300 

C4 

1000 

851  25 

301 

U 

1000 

851  25 

302 

1000 

851  25 

303 

1000 

851  25 

304 

u 

1000 

851  25 

305 

u 

1000 

851  25 

306 

1000 

851  25 

307 

a 

1000 

851  25 

308 

u 

1000 

851  25 

309 

u 

1000 

851  25 

310 

u 

1000 

851  25 

311 

u 

1000 

851  25 

312 

u 

1000 

851  25 

313 

U 

1000 

851  25 

314 

1000 

851  25 

315 

U 

1000 

851  25 

316 

U 

1000 

851  25 

317 

1000 

851  25 

318 

it 

1000 

851  25 

319 

U 

1000 

851  25 

320 

u 

1000 

851  25 

321 

U 

1000 

851  25 

322 

u 

1000 

851  25 

323 

(( 

1000 

851  25 

324 

iC 

1000 

851  25 

325 

it 

1000 

851  25 

326 

iC 

1000 

851  25 

327 

u 

1000 

851  25 

328 

it 

1000 

851  25 

329 

it 

1000 

851  25 

330 

ii 

1000 

851  25 

331 

it 

1000 

851  25 

332 

it 

1000 

865  00 

333 

u 

1000 

865  00 

334 

ii 

1000 

865  00 

335 

u ! 

1000 

865  00 

336 

n 

1000 

865  00 

337 

a 

1000 

865  00 

338 

1000 

865  00 

339 

1000 

865  00 

340 

cc 

1000 

865  00 

341 

u 

1000 

865  00 

342 

a 

1000 

865  00 

343 

a 

1000 

865  00 

344 

iC 

1000 

, 865  00 

345 

u 

1000 

1 865  00 

346 

, it 

1000 

1 865  00 

347 

u 

lOOC 

1 865  00 

348 

; 

lOOC 

) 865  00 

349 

► 

100( 

) 857  50 

35C 

1 “ 

100( 

) 850  00 

35] 

L “ 

100( 

) 850  00 

355 

5 “ 

100( 

) 850  00 

355 

} ‘‘ 

100( 

) 850  00 

35^ 

1 - 

1001 

3 850  00 

35! 

S - 

1001 

3 850  00 

35< 

5 “ 

100' 

0 850  00 

35' 

7 “ 

100 

0 850  00 

Carried  fo 

r ward, 

$191,686  25 

By  whom 
Negociated. 


Amount 

I 

I Discount. 


J.  Quincy,  Jr. 


G.  R.  Sampson, 


rhineas  lMerc§, 
W.  A.  Weaver,. 


G.  B.  Pierce,. 


Henshaw  & Sons, 


$23,023  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  751 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75! 
148  75} 
148  751 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75l 
148  75 
148  75 
148  75 
148  77 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 
148  75 


135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

135 

00 

142 

50 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

' 00 

$32,313 

75 

8(5 


TABLE  III.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Number. 

1 

1 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

35S 

Brought  foi 
Sold, 

ward, 

$1000 

$191,686  25 
850  00 

Cash, 

Hensliaw  & Sons, 

$32,313  75 
150  00 

859 

1000 

850  00 

ll 

150  00 

860 

1 o 

1000 

850  00 

u 

ll 

150  00 

861 

i 

1000 

850  00 

U 

“ 

150  00 

362 

1000 

850  00 

“ 

150  00 

363 

1000 

850  00 

“ 

150  00 

364 

1000 

850  00 

ll 

150  00 

365 

1000 

850  00 

ll 

150  00 

366 

“ 

1000 

857  50 

Ephraim  Dana, ....... 

142  50 

367 

“ 

1000 

857  50 

ll 

142  50 

368 

1000 

857  50 

‘‘ 

142  50 

369 

1000 

850  00 

I.  Lombard,  

150  00 

370 

1000 

850  00 

iC 

“ 

150  00 

371 

u 

1000 

850  00 

u 

ll 

150  00 

372 

“ 

1000 

857  50 

W.  L.  Williams,  

142  50 

373 

“ 

1000 

850  00 

G.  B.  Pierce,  

150  00 

374 

“ 

1000 

850  00 

(( 

150  00 

375 

u 

1000 

850  00 

U 

150  00 

376 

1000 

850  00 

U 

150  00 

377 

1000 

850  00 

u 

150  00 

378 

1000 

850  00 

U 

150  00 

379 

380 

U 

1000 

850  00 

(( 

150  00 

1000 

850  00 

Gilbert  & Sons,  ...... 

150  00 

381 

“ 

1000 

850  00 

150  00 

382 

1000 

850  00 

u 

150  00 

383 

1000 

850  00 

I.  Lombard, 

150  00 

384 

1000 

850  00 

u 

150  00 

385 

“ 

1000 

850  00 

u 

U 

150  00 

386 

“ 

1000 

857  50 

u 

A.  Edwards, 

142  50 

387 

u 

1000 

850  00 

a 

I.  Lombard,  

150  00 

388 

(( 

1000 

850  00 

150  00 

389 

u 

1000 

850  00 

ll 

150  00 

390 

“ 

1000 

850  00 

Alfred  Smith, 

150  00 

391 

1000 

850  00 

Samuel  Alien, 

150  00 

392 

u 

1000 

850  00 

150  00 

393 

Li 

1000 

857  50 

A.  0.  Robinson, 

142  50 

394 

u 

1000 

857  50 

Caleb  Pierce, 

142  50 

395 

“ 

1000 

860  50 

S.  Shaw, 

139  50 

396 

“ 

1000 

857  50 

Daniel  Parish, 

142  50 

397 

it 

1000 

850  00 

u 

I.  Lombard, 

150  00 

398 

‘‘ 

1000 

850  00 

u 

150  00 

399 

il 

1000 

850  00 

J.  A.  Underwood, 

150  00 

400 

1000 

850  00 

150  00 

401 

“ 

1000 

850  00 

ii 

150  00 

402 

“ 

1000 

850  00 

U 

150  00 

403 

“ 

1000 

850  00 

u 

John  Paine, 

150  00 

404 

1000 

850  00 

u 

U 

150  00 

405 

1000 

850  00 

ii 

U 

150  00 

406 

“ 

1000 

850  00 

u 

ll 

150  00 

407 

il 

1000 

850  00 

(( 

I.  Lombard,  

150  00 

408 

ll 

1000 

850  00 

a 

150  00 

409 

“ 

1000 

867  50 

u 

B.  1.  Leeds,  

142  50 

410 

1000 

850  00 

a 

J.  A.  Underwood,  .... 

150  00 

411 

“ 

1000 

850  00 

iC 

ll  ’ 

150  00 

412 

“ 

1000 

850  00 

U 

150  00 

413 

“ 

1000 

850  00 

(( 

U 

150  00 

414 

“ 

1000 

850  00 

a 

u 

150  00 

415 

1000 

850  00 

u 

u 

150  00 

416 

“ 

1000 

850  00 

u 

U 

150  00 

417 

1000 

850  00 

‘‘ 

a 

150  00 

418 

il 

1000 

850  00 

u 

150  00 

419 

ll 

1000 

850  00 

u 

150  00 

420 

ll 

1000 

850  00 

ii 

u 

150  00 

421 

1000 

850  00 

150  00 

Carried  for 



$246,164  25 

$41,835  75 

loer. 

422 

423 

424 

425 

426 

427 

428 

429 

430 

431 

432 

433 

434 

435 

436 

437 

438 

439 

440 

441 

442 

443 

444 

445 

446 

447 

448 

449 

450 

451 

452 

453 

454 

455 

456 

457 

458 

459 

460 

461 

AR9 


TABLE  III.  — (Continued.) 


87 


Mortgage  Bonds  due  in  IbLGl- 


Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

S41,835  75 
150  00 

Cash, 

lT.  a.  Underwood,  . . . . j 

Willis  & Co 1 

137  50 

u 

u i 

137  50 

“ 

137  50 

“ 

137  50 

(£ 

“ 

137  50 

Cl 

“ 

137  50 

Cl 

“ 

137  50 

tt 

137  50 

u 

u 

137  50 

(( 

137  50 

Cl 

“ 

137  50 

cc 

J.  C.  Douglass,  

150  00 

Cl 

150  00 

u 

u 

150  00 

a 

u 

150  00 

u 

150  00 

CC 

150  00 

u 

150  00 

(( 

150  00 

Cl 

J.  Souther, 

125  00 

a 

J.  C.  Dunn, 

132  50 

“ 

132  50 

132  50 

it 

132  50 

“ 

132  50 

1 “ 

tt. 

132  50 

1 “ 

S.  Shaw, 

139  50 

( “ 

11 

139  50 

1 » 

» 

139  50 

1 “ 

139  60 

» » 

P.  Dillingham, 

125  00 

» “ 

J.  C.  Dunn, 

132  50 

) “ 

44 

132  50 

) “ 

J.  Souther, 

J.  E.  Thayer  & Bro.  . . 

125  00 

) “ 

150  00 

) “ 

44 

150  00 

) “ 

44 

150  00 

) 

44 

150  00 

) “ 

44 

150  00 

) “ 

44 

150  00 

) “ 

44 

150  00 

) “ 

44 

150  00 

) “ 

U 

150  00 

) “ 

CC 

150  00 

3 “ 

Cl 

150  00 

3 “ 

cc 

150  00 

3 “ 

cc 

150  00 

3 “ 

cc 

150  00 

3 “ 

a 

150  00 

0 

cc 

150  00 

0 “ 

a 

160  00 

0 li 

cc 

150  00 

0 

Cl 

150  on 

0 “ 

cc 

150  on 

0 “ 

cc 

160  on 

0 “ 

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150  00 

1 

0 “ 

cc 

150  on 

1 

0 “ 

cc 

150  on 

1 

0 “ 

a 

160  00 

) 

0 “ 

a 

160  OC 

1 

D ‘‘ 

cc 

150  or 

) 

u 

0 “ 

u 

150  or 

) 

0 “ 

Cl 

150  ()( 

) 

5 

$51,041  2: 

Desig- 

nation. 


Proceeds. 


^ard, 

nooo 

1000 

1000 

1000 

lOOO! 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 


Carried  for  ward 


^246,164  25 
850  00 
862  50 
862  50 
862  50 
862  50 
862  50 
862  50 
862  50 
862  50 
862  50 
862  50 
862  50 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
875  00 
867  50 
867  50 
867  60 
867  60 
867  60 
867  60 
860  60 


S300,958  75I. 


QDer. 

486 

487 

488 

489 

490 

491 

492 

493 

494 

495 

496 

497 

498 

499 

500 

501 

502 

503 

504 

505 

506 

507 

508 

509 

510 

511 

512 

513 

514 

515 

516 

517 

518 

519 

520 

521 

522 

523 

524 

525 

526 

527 

528 

529 

530 

531 

532 

533 

534 

535 

536 

537 

538 

539 

540 

541| 

5421 

543 

544 

545 

546 

547 

548 

549 


TABLE  III.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

Brought  for 

ward, 

$300,958  75 

,J.  E.  Thayer  & Bro.  . . 

$51,041  25 

Sold, 

$1000 

850  00 

Cash, 

150  00 

1000 

8')0  00 

ti 

150  00 

“ 

1000 

850  00 

“ 

“ 

150  00 

' It 

1000 

850  00 

“ 

150  00 

1000 

850  00 

U 

“ 

150  00 

1000 

850  00 

it 

150  00 

“ 

1000 

850  00 

tt 

u 

150  00 

1000 

850  00 

“ 

“ 

150  00 

it 

1000 

850  00 

“ 

150  00 

it 

1000 

850  00 

a 

150  00 

tt 

1000 

850  00 

it 

ti 

150  00 

“ 

1000 

850  00 

It 

150  00 

“ 

1000 

850  00 

“ 

it 

150  00 

“ 

1000 

850  00 

“ 

150  00 

“ 

1000 

850  00 

tt 

150  00 

1000 

850  00 

tt 

' 150  00 

U 

1000 

850  00 

tt 

150  00 

U 

1000 

850  00 

“ 

150  00 

1000 

850  00 

tt 

“ 

150  00 

it 

1000 

850  00 

“ 

“ 

150  00 

1000 

850  00 

“ 

“ 

150  00 

“ 

1000 

850  00 

“ 

150  00 

“ 

1000 

850  00 

150  00 

“ 

1000 

850  00 

150  00 

u 

1000 

850  00 

“ 

150  00 

u 

1000 

850  00 

‘‘ 

150  00 

“ 

1000 

850  00 

it 

150  00 

“ 

1000 

850  00 

it 

150  00 

1000 

850  00 

it 

150  00 

“ 

1000 

850  00 

it 

150  00 

“ 

1000 

850  00 

it 

“ 

150  00 

“ 

1000 

850  00 

ti 

u 

150  00 

“ 

1000 

850  00 

it 

“ 

150  00 

u 

1000 

850  00 

tt 

it 

..  150  00 

tl 

1000 

850  00 

ti 

“ 

150  00 

1000 

850  00 

“ 

150  00 

“ 

1000 

850  00 

ti 

tt 

150  00 

“ 

1000 

850  00 

it 

it 

150  00 

“ 

1000 

850  00 

tt 

it 

150  00 

“ 

1000 

850  00 

tt 

it 

150  00 

1000 

850  00 

“ 

150  00 

“ 

1000 

850  00 

tt 

It 

150  00 

1000 

850  00 

tt 

It 

150  00 

“ 

1000 

850  00 

it 

it 

150  00 

1000 

850  00 

tt 

“ 

150  00 

il 

1000 

850  00 

it 

150  00 

“ 

1000 

850  00 

tt 

“ 

150  00 

“ 

1000 

850  00 

“ 

150  00 

a 

1000 

850  00 

U 

“ 

150  00 

u 

1000 

850  00 

tt 

“ 

150  00 

“ 

1000 

850  00 

tt 

It 

150  00 

“ 

1000 

850  00 

tt 

“ 

150  00 

“ 

1000 

850  00 

tt 

“ 

150  00 

“ 

1000 

850  00 

tt 

“ 

150  00 

1000 

850  00 

ti 

“ 

150  00 

u 

1000 

850  00 

ti 

150  00 

“ 

1000 

850  00 

“ 

150  00 

It 

1000 

850  00 

it 

It 

150  00 

it 

1000 

850  00 

tt 

150  00 

It 

1000 

850  00 

ti 

it 

150  00 

ti 

1000 

850  00 

tt 

150  00 

It 

1000 

850  00 

tt 

“ 

150  00 

It 

1000 

850  00 

tt 

“ 

150  00 

Carried  for 

1000 

ward. 

850  00 

$355,358  75 

tt 

150  00 

$60,641  25 

TABLE  III.  — (Continued.) 


89 


Mortgage  Bonds  due  in  1861. 


Number. 

Dispositiou. 

Desig- 

nation. 

Proceeds.  j 

Mode 

of 

Paym’t. 

550 

Brought  for 
Sold, 

ward, 

$1000 

$355,358  75* 

850  00  Cash, 

551: 

U 

1000 

860  00, 

552! 

U 

1000 

850  00 

553: 

“ 

lOOOj 

850  00' 

44 

5541 

1000 

850  00; 

44 

555 

1000 

850  00 

556; 

u 

lOOOj 

850  00; 

557 

1000! 

850  00 

558 

“ 

1000 

850  00; 

44 

559 

loool 

850  00| 
850  00 

560 

u 

1000 

44 

561 

u 

1000 

850  00 

44 

562 

u 

1000 

850  00 

44 

563 

u 

1000 

850  00 

564 

u 

1000 

850  00 

565 

1000 

850  00 

44 

566 

u 

1000 

850  00 

44 

567 

(( 

1000 

850  00 

568 

1000 

850  00 

569 

44 

1000 

850  00 

44 

570 

44 

1000 

850  00 

571 

44 

1000 

850  00 

44 

572 

44 

1000 

850  00 

44 

573 

44 

1000 

850  00 

44 

574 

44 

1000 

850  00 

44 

575 

44 

1000 

850  00 

576 

44 

1000 

850  00 

44 

577 

44 

1000 

850  00 

44 

578 

44 

1000 

850  00 

44 

579 

44 

1000 

850  00 

44 

580 

44 

1000 

850  00 

44 

581 

44 

1000 

850  00 

44 

582 

44 

1000 

850  00 

44 

583 

44 

1000 

850  00 

44 

584 

44 

1000 

850  00 

44 

585 

44 

1000 

850  00 

586 

44 

1000 

850  00 

44 

587 

44 

1000 

850  00 

44 

588 

44 

1000 

850  00 

589 

44 

1000 

850  00 

I 

590 

44 

1000 

850  00 

44 

591 

44 

1000 

850  00 

44 

592 

44 

1000 

850  00 

44 

593 

44 

1000 

850  00 

44 

594 

44 

1000 

850  00 

44 

595 

44 

1000 

850  00 

44 

596 

44 

1000 

850  00 

44 

597 

44 

1000 

850  00 

44 

598 

44 

1000 

850  00 

44 

599 

44 

1000 

850  00 

44 

600 

44 

1000 

850  00 

44 

601 

44 

1000 

850  00 

44 

602 

44 

1000 

850  00 

44 

603 

44 

1000 

850  00 

604 

44 

1000 

850  00 

44 

605 

44 

1000 

850  00 

44 

606 

44 

1000 

850  00 

44 

607 

44 

1000 

850  00 

608 

44 

1000 

850  00 

44 

609 

1000 

850  00 

44 

610 

1 

1000 

850  00 

tt 

611 

44 

1000 

850  00 

612 

1 

1000 

1 850  00 

1 “ 

6I.3 

! “ 

100c 

1 850  00 

1 “ 

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L 

r'ward, 

$409,758  76 

.1 

By  whom 

Negociatcd. 

Amount 

of 

Discount. 

Remarks. 

$60,641  25 

. E.  Thayer  & Bro.  . . 

150  00 

150  00 

“ 

150  00 

“ 

150  00 

“ 

150  00 

“ 

150  00 

“ 

150  00 

n 

150  00 

150  00 

“ 

150  00 

150  00 

» 

150  00 

150  00 

150  00 

150  00 

150  00 

150  00 

150  00 

150  00 

u 

150  00 

150  00 

150  00 

150  00 

u 

150  00 

150  00 

150  00 

(( 

150  00 

(( 

150  00 

(( 

150  00 

(( 

150  00 

u 

150  00 

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150  00 

u 

150  00 

a 

150  00 

It 

150  00 

it 

150  00 

tt 

150  00 

ti 

150  00 

It 

150  00 

ft 

150  00 

ti 

150  00 

it 

150  00 

ti 

150  00 

tt 

150  00 

It 

150  00 

tt 

150  00 

it 

150  00 

(( 

150  00 

it 

150  00 

ti 

150  00 

(( 

150  00 

tt 

150  00 

tt 

150  00 

tt 

150  00 

tt 

150  00 

tt 

150  00 

tt 

150  00 

1 

tt 

150  00 

1 

tt 

150  OC 

1 

ti 

150  OC 

1 

ti 

150  OC 

I 

tt 

150  OC 

1 

it 

150  0( 

) 

ti 

150  OC 

) 

|$70,241  21 

90 


TABLE  nr.  — (CoxTESUED.) 


Mortgage  Bonds  due  in  1861. 


Number. 

j Disposition. 

1 

Desig- 

nation. 

1 

Proceeds. 

Mode 

1 of 
j Paym’t 

By  whom 

. Negociated. 

' Amount 
of 

Discount. 

Bemarks. 

! Brought  foi 

ward, 

$409,758  7c 

i 



$70,241  25 

,j 

61^ 

Sold, 

SIOOC 

850  OC 

i Cash, 

J.  E.  Thayer  & Bro.  . . 

150  00 

1 

61c 

1 1000 

850  OC 

1 

150  00 

f 

61€ 

i « 

lOOO 

850  OC 

» 

150  00 

1 

617 

1 it 

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850  OC 

150  00 

1 

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850  OC 

I ;; 

150  00 

1 

61£ 

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850  00 

150  00 

1 

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150  00 

621 

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150  00 

622 

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150  00 

623 

1000 

850  OO 

150  00 

621 

1000 

850  00 

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1 150  00 

625 

i " 

1 1000 

850  00 

1 “ 

150  00 

626 

“ 

1 1000 

850  00 

“ 

150  00 

627 

U 

1 1000 

850  00 

“ 

150  00 

628 

“ 

1000 

850  00 

1 

: 150  00 

629 

ii 

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850  00 

“ 

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630 

it 

1000 

850  OO 

U 

j 150  00 

631 

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1000 

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: 

j 150  00 

632 

u 

1000 

850  OO 

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i 150  00 

633 

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1000 

850  00 

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1 150  00 

634 

u 

1000 

850  00 

u 

150  00 

635 

u 

1000 

850  OO 

u 

i 150  00 

636 

ii 

1000 

850  00 

“■ 

150  00 

637 

it 

1000 

850  00 

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1 150  00 

638 

a 

1000 

850  00 

u 

u. 

1 150  00 

639 

a 

1000 

850  00 

u 

It 

j 150  00 

640 

a 

1000 

850  00 

u 

«■ 

! 150  00 

641 

1000 

S50  00 

u 

150  00 

642 

u 

1000 

850  00 

ii 

tt 

150  00 

643 

u 

1000 

850  00 

ii 

u 

150  00 

644 

1000 

850  00 

ii 

w. 

150  00 

645 

1000 

850  00 

ii 

150  00 

646 

u 

1000 

850  00 

a 

tt 

150  00 

647 

1000 

850  00 

a 

U 

150  00 

648 

u 

1000 

850  00 

a 

U 

150  00 

649 

(( 

1000 

850  00 

a 

it 

150  00 

65C 

ii 

1000 

850  00 

ii 

u 

150  00 

651 

it 

1000 

850  00 

a 

tt 

150  00 

652 

1000 

850  00 

“ 

150  00 

653 

1000 

850  00 

a 

150  00 

654 

ii 

1000 

850  00 

a 

“ 

150  OO 

65c 

1000 

850  00 

a 

u 

150  00 

65t 

(( 

1000 

850  00 

a 

150  00 

657 

(( 

1000 

850  00 

a 

150  00 

65i 

ii 

1000 

850  00 

ii 

u 

150  00 

65£ 

ii 

1000 

850  00 

a 

150  00 

66( 

ii 

1000 

850  OC 

a 

il 

150  00 

661 

ii 

1000 

850  00 

a 

150  00 

662 

ii 

1000 

850  00 

a 

u 

150  00 

663 

ii 

1000 

850  OC 

a 

n 

150  00 

664 

ii 

1000 

850  0<^ 

a 

a 

150  00 

665 

a 

1000 

850  OC 

a 

150  00 

666 

ii 

1000 

850  OC 

ii 

150  00 

667 

1000 

850  0( 

ii 

150  00 

666 

1000 

850  0( 

a 

u 

150  00 

669 

it 

1000 

850  0( 

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u 

150  00 

67» 

1000 

850  OC 

it 

“ 

150  00 

671 

ii 

1000 

850  00 

a 

.( 

150  00 

672 

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150  00 

673 

ii 

1000 

850  0( 

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150  00 

67- 

1000 

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ward, 

$464,158  71 

$79,841  26 

iDcr. 

678 

679 

680 

681 

682 

683 

684 

685 

686 

687 

688 

689 

690 

691 

692 

693 

694 

695 

696 

697 

698 

699 

700 

701 

702 

703 

704 

705 

706 

707 

708 

709 

710 

711 

712 

713 

714 

715 

716 

717 

718 

719 

720 

721 

722 

723 

724 

725 

726 

727 

728 

729 

730 

731 

732 

733 

734 

735 

736 

737 

738 

739 

740 

741 


TABLE  III. — (Continued.) 


91 


Mortgage  Bonds  due  in  1861. 


Desig- 


$1000 

1000 

loool 

loool 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 


Proceeds. 

Mode  I 
of 

Paym’t.^ 

By  whom 

Negociated. 

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^850  00  Cash, 

J.  E.  Thayer  & Bro. . . 

850  00; 

850  00 

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“ 

850  00 

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850  00' 

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850  00 

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850  00, 

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850  00; 

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850  00 

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a 

850  00; 

a 

a 

850  00 

a 

a 

850  00 

a 

850  00 

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850  00 

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u 

850  00 

a 

H 

850  00 

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850  00 

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“ 

850  00 

a 

u 

850  00 

u 

“ 

850  00 

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“ 

850  00 

a 

« 

850  00 

a 

u 

850  00 

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“ 

850  00 

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“ 

850  00 

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It 

850  00 

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“ 

850  00 

a 

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850  00 

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“ 

850  00 

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it 

850  00 

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il 

850  00 

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“ 

850  00 

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“ 

850  00 

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850  00 

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850  00 

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850  00 

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850  00 

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850  00 

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tl 

850  00 

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850  00 

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it 

850  00 

a 

850  00 

850  00 

a 

850  00 

a 

850  00 

a 

“ 

850  00 

a 

“ 

850  00 

a 

“ 

850  00 

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“ 

850  00 

a 

“ 

850  00 

a 

“ 

850  00 

a 

“ 

850  00 

“ 

850  00 

“ 

850  00 

it 

850  00 

it 

850  00 

it 

3>Olo,ODo  4O 

Amount 

of 

Discount. 


$79,841  25 
150  00 
150  00 
150  00 
150  00 
150  00 
150  oo; 
150  ool 
150  00| 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
160  00 
160  00 
150  00 
160  00 
160  00 

. $80,441  26 


Remark*. 


iDer. 

742 

743 

744 

745 

746 

747 

748 

749 

750 

751 

752 

753 

754 

755 

756 

757 

758 

759 

760 

761 

762 

763 

764 

765 

766 

767 

768 

769 

770 

771 

772 

773 

774 

775 

776 

777 

778 

779 

780 

781 

782 

783 

784 

785 

786 

787 

788 

789 

790 

791 

792 

793 

794 

795 

796 

797 

798; 

799  i 

800' 

801 

802' 

803 

804! 

805' 


TABLE  III.  — (CoxTiNUED.) 


Mortgage  Bonds  due  in  1861. 


Desig- 
nation . 

Proceeds. 

1 Mode 

1 ^ 

i Paym  t. 

whom 

Negotiated. 

Amount 

of 

1 Discount. 

$518,558  75 
850  00 

i 

1 1 

I $89,441  25 
150  00 

i $1000 

Cash, 

J.  E.  Thayer  & Bro.  . . 

1000 

850  00 

“ 

150  00 

1000 

850  00 

n 

ii 

150  00 

1000 

850  00 

n 

a 

150  00 

1000 

850  00 

ll 

a 

150  00 

1000 

865  00 

u 

T.  H.  Leavitt, 

135  00 

1000 

872  50 

u 

,1.  C.  Dnnn, 

127  50 

1000 

872  50 

a 

127  50 

1000 

872  50 

u 

n 

127  50 

1000 

872  50 

“ 

“ 

127  50 

1000 

872  50 

“ 

127  50 

1000 

872  50 

(( 

127  50 

1000 

872  50 

“ 

“ 

127  50 

1000 

872  50 

“ 

ii 

127  50 

1000 

872  50 

“ 

“ 

127  50 

1000 

872  50 

“ 

a 

127  50 

1000 

857  50 

“ 

G.  W.  Pritchard, 

142  50 

1000 

867  50 

u 

J.  C.  Dunn,  

132  50 

1000 

867  50 

“ 

132  50 

1000 

867  50 

132  50 

1000 

867  50 

“ 

132  50 

1000 

867  50 

132  50 

1000 

867  50 

“ 

132  50 

1000 

867  50 

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“ 

132  50 

1000 

867  50 

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132  50 

1000 

867  50 

u 

“ 

132  50 

1000 

867  50 

it 

“ 

132  50 

1000 

867  50 

it 

it 

132  50 

1000 

867  50 

ii 

132  50 

1000 

850  00 

it 

L.  N.  Barnard, 

150  00 

1000 

850  00 

ii 

J.  R.  Langdon, 

150  00 

1000 

850  00 

it 

150  00 

1000 

850  00 

ii 

“ 

150  00 

1000 

850  00 

ii 

‘‘ 

150  00 

1000 

850  00 

ii 

“ 

150  00 

1000 

850  00 

ii 

Jotham  Bush, 

150  00 

1000 

850  00 

it 

150  00 

1000 

850  00 

ii 

150  00 

1000 

850  00 

ii 

150  00 

1000 

850  00 

a 

I.  KendaU, 

150  00 

1000 

850  00 

it 

“ 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

a 

“ 

150  00 

1000 

850  00 

ii 

it 

150  00 

1000 

867  50 

ii 

J.  C.  Dunn, 

132  50 

1000 

867  50 

ii 

ii 

132  50 

1000 

867  50 

ii 

ii 

132  50 

1000 

867  50 

ii 

132  50 

1000 

867  50 

a 

132  50 

1000 

867  50 

a 

ii 

132  50 

1000 

867  50 

a 

132  50 

1000 

867  50 

ii 

ii 

132  50 

1000 

867  50 

a 

T.  H.  Leavitt,  

132  50 

1000 

867  50 

a 

“ 

132  50 

1000 

867  50 

ii 

Thomas  Day, 

132  50 

1000 

867  50 

ii 

T.  H.  Leavitt,  

132  50 

1000 

867  50 

a 

“ 

132  50 

1000 

867  50 

Thomas  Day, 

132  50 

1000 

867  50 

a 

132  50 

1000 

867  50 

a 

“ 

132  50 

1000 

867  50 

it 

it 

132  50 

1000 

867  50 

ii 

J.  C.  Dunn, 

132  50 

1000 

867  50 

it 

u ’ 

132  50 

1000 

867  50 

ii 

ii 

132  50 

iward, 

$573,766  25 

$98,233  75 

iDer. 

806 

807 

808 

809 

810 

811 

812 

813 

814 

815 

816 

817 

818 

819 

820 

821 

822 

823 

824 

825 

826 

827 

828 

829 

830 

831 

832 

833 

834 

835 

836 

837 

838 

839 

840 

841 

842 

843 

844 

845 

846 

847 

848 

849 

850 

851 

852 

853 

854 

CKK 


TABLE  in.  — (Continued.) 


93 


Mortgage  Bonds  due  in  1861. 


Desig- 


Proceeds. 


Carried  for 


nation. 


vard, 

$573,766  25 

$1000 

867  50 

1000 

867  50 

1000 

867  50 

1000 

857  50 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

860  50 

1000 

860  50 

1000 

860  50 

1000 

860  50 

1000 

860  50 

1000 

860  50 

1000 

867  50 

1000 

867  50 

1000 

867  50 

1000 

867  50 

1000 

867  50 

1000 

867  50 

1000 

867  50 

1000 

857  50 

1000 

857  50 

1000 

857  50 

1000 

857  50 

1000 

860  00 

1000 

867  50 

1000 

857  50 

1000 

857  50 

1000 

857  50 

1000 

850  00 

1000 

I 900  00 

1000 

1 900  00 

ward, 

$628,591  75 

Mode 

of 

Paym’t.l 


Cash, 

a 

u 


u 

a 

u 

u 

u 


a 

a 

u 

u 

u 

a 

u 

u 

u 

n 


ii 


u 

u 

u 

u 

u 

u 


ii 

u 

(( 

u 


u 

(( 

u 

u 

iC 

u 

u 

u 

u 

(( 

u 

u 

(( 

u 

u 


By  whom 
Negotiated. 


J.  C.  Dunn, 

U 

J.  Lamson, 

J.  E.  Thayer  & Bro. 


a 


U 

U 


u 


a 


u 


a 

u 

IL 


William  Parsons,  . 

ii 

U 

U 


T.  H.  Leavitt, 
J.  C.  Dunn,  . 

H 


Isaac  Allen,  . . . 

.Toel  Bass, 

C.  Baxter, 

G.  W.  Benedict, 
.1.  0.  Dunn,  . . . 
J.  I).  Campbell, 
1).  Carpenter, . . 

J.  Farwell, 

J.  P.  Felt, 

Royal  Hatch,  . . 


Amount 

of 

Discount. 


. $98,233  75 
132  50 
132  50 
132  50 
142  50 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  09 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
139  50 
139  50 
139  50 
139  50 
139  50 

139  50 
132  50 
132  50 
132  50 
1.32  50 
132  50 
132  50 
132  50 
142  50 
142  50 
142  50 
142  50 

140  00 
132  50 
142  50 
142  50 
142  50 
150  00 
100  00 
100  00 

$i  107,408  25I 


Remarks. 


94 


TABLE  m.  — (COXTLN'UED.) 


Mortgage  Bonds  due  in  1861. 


Number. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 
of  i 
Paym’t. 

By  whom 

Negociated. 

1 

Amount 

of 

Discount.  1 

Remarks. 

$628,591  75 

$ 

107,408  25^ 

870 

Sold 

$1000 

900  00 

Cash, 

Fred.  Smith, 

100  ooj 

871 

1000 

850  00 

Elijah  Hale,  ' 

150  00 

872 

1000 

850  00 

a 

E.  H.  Hemmenway,  . , 

150  00 

873 

(( 

1000 

850  00 

“ 

it 

150  00 

874 

1000 

850  00 

U 

150  00 

875 

1000 

850  00 

“ 

ti 

1.50  00| 

876 

“ 

1000 

867  50 

a 

J.  C.  Dunn,  i 

132  5o; 

877 

1000 

850  00 

“ 

H.  Homer, 

1-50  00| 

878 

1000 

850  00 

“ 

150  00 

879 

1000 

865  00 

“ 

T.  B.  Pope, 1 

135  00 

880 

1000 

865  00 

“ 

135  00 

881 

1000 

865  00 

“ 

“ ! 

135  00 

882 

1000 

857  50 

L.  Hntchins, 1 

142  50 

883 

1000 

857  50 

“ 

George  Lincohi, j 

142  50 

884 

Im 

1000 

850  00 

George  Phipps, ' 

150  00 

885 

a 

1000 

850  00 

150  00 

886 

u 

1000 

850  00 

•John  Porter, i 

150  00 

88^ 

1000 

857  50 

it 

142  50 

888 

1000 

857  50 

u 

“ 1 

142  50 

889 

1000 

857  50 

“ 

142  50 

890 

1000 

850  00 

it 

Josh.  Porter i 

150  00 

891 

“ 

1000 

85 1 dO 

“ 

H.  H.  Kevnolds, j 

142  50 

892 

1000 

857  50 

“ 

Z.  Shattiick, 

142  50 

893 

a 

1000 

857  50 

u 

“ 

142  50 

894 

li 

1000 

857  50 

it 

142  50 

895 

a 

1000 

857  50 

•J.  C.  Walklev, 

142  50 

896 

u 

lOOOj 

860  50 

ii 

William  Thomas,  . . . . i 

! 139  50 

897 

1000, 

860  50 

ii 

139  50 

898 

loool 

850  50 

it 

1 139  50 

899 

1000; 

857  50 

ii 

E.  Nve,  Jr 

142  50 

900 

1000' 

857  50 

« 

P.  Perrin 

i 142  50 

901 

1000 

857  50 

ii 

i 142  50 

902 

1000 

855  00 

D.  French,  2nd, 

145  00 

903 

u 

1000 

856  25 

(( 

1 “ 

, 143  75 

904 

“ 

1000 

857  50 

u 

William  Ashler,  

j 142  50 

905 

(( 

1000 

867  50 

(( 

J.  C.  Dunn,. 

( 132  50 

906 

(( 

1000 

867  50 

t( 

1 132  50 

907 

1000 

867  50 

ii 

“ 

! 132  50 

908 

1 lOOOi 

867  50 

ii 

ii 

132  50 

909 

1 1000 

867  50 

it 

132  50 

910 

1 loooi 

867  50 

ti 

u 

132  50 

911 

u 

1000 

867  50 

ii 

132  50 

912 

it 

lOOOi 

867  50 

ii 

132  50 

913 

ti 

1000 1 

867  50 

ii 

132  50 

914 

it 

looo: 

! 867  50 

ii 

132  50 

915 

1000 

867  50 

ti 

n 

132  50 

916 

1000: 

, 865  00 

it 

T.  B.  Pope, 

135  00 

917 

lOOOj 

1 865  00 

ti 

135  00 

918 

a 

1000 

! 865  00 

ti 

ti 

135  00 

919 

loooi 

1 865  00 

ii 

it 

135  00 

920 

1000 

865  00 

ti 

ii 

135  00 

921 

it 

1000 

1 850  00 

ii 

F.  Skinner, 

150  00 

922 

it 

1000 

850  00 

it 

it 

150  00 

923 

it 

1000 

850  00 

it 

“ 

150  00 

924 

it 

1000 

850  00 

a 

ii 

j 150  00 

925 

1000 

850  00 

ii 

“ 

1 150  00 

926 

1000 

850  00 

it 

“ 

1 150  00 

927 

1000 

850  00 

ti 

« 

1 150  00 

928 

1000 

850  00 

“ 

150  00 

929 

ti 

1000 

850  00 

ti 

“ 

j 150  00 

930 

a 

1000 

850  00 

a 

1 150  00 

931 

a 

1000 

850  00 

a 

1 150  00 

932 

ti 

1000 

850  00 

a 

it 

1 150  00 

933 

a 

1000 

850  00 

ii 

“ 

1 150  00 

Carried  for 

ward, 

i $683,519  50 

116,480  50 

Der. 

934 

935 

936 

937 

938 

939 

940 

941 

942 

943 

944 

945 

946 

947 

948 

949 

950 

951 

952 

953 

954 

955 

956 

957 

958 

759 

960 

961 

962 

963 

964 

965 

966 

967 

968 

969 

970 

971 

972 

973 

974 

975 

976 

977 

978 

979 

980 

981 

982 

983 

984 

QBK 


TABLE  III.  — (Continued.) 


95 


Mortgage  Bonds  due  in  1861. 


Desig- 

nation* 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom  j 

Negociated.  | 

Amount 

of 

Discount. 

ward, 

$1000 

$683,519  50 
850  00 

$ 

116,480  50 
150  00 

Cash, 

F.  Skinner, 

1000 

850  00 

“ 

“ 

150  00 

1000 

850  00 

a 

It 

150  00 

1000 

850  00 

u 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

a 

150  00 

1000 

850  00 

150  00 

1000 

857  50 

142  50 

1000 

857  50 

a 

“ 

142  50! 

1000 

857  50 

it 

142  50i 

1000 

857  50 

ii 

142  50 

1000 

857  50 

u 

142  50 

1000 

857  50 

u 

142  50 

1000 

857  50 

u 

“ 

142  50 

1000 

857  50 

u 

ii 

142  50 

1000 

857  50 

a 

“ 

142  50 

1000 

857  50 

u 

“ 

142  50 

1000 

875  00 

J.  C.  Dunn, 

125  00 

1000 

875  00 

u 

“ 

125  00 

1000 

875  00 

u 

“ 

125  00 

1000 

875  00 

u 

125  00 

1000 

875  00 

(( 

“ 

125  00 

1000 

875  00 

u 

ii 

125  00 

1000 

875  00 

u 

ii 

125  00 

1000 

875  00 

u 

“ 

125  00 

1000 

875  00 

“ 

125  00 

1000 

875  00 

u 

“ 

125  00 

1000 

875  00 

;; 

“ 

125  00 

1000 

875  00 

u 

u 

125  00 

1000 

875  00 

u 

“ 

125  00 

1000 

875  00 

“ 

125  00 

1000 

875  00 

u 

it 

125  00 

1000 

875  00 

ii 

Joseph  Souther, 

125  00 

1000 

857  50 

u 

W.  H.  Ordway, 

142  50 

1000 

857  50 

u 

J.  Wheeler, 

142  50 

1000 

857  50 

u 

“ 

142  50 

1000 

857  50 

u 

ii 

142  50 

1000 

857  50 

u 

“ 

142  50 

1000 

857  50 

u 

a 

142  50 

1000 

857  50 

u 

Wm.  Gilson, 

J.  E.  Thayer  & Bro.  . . 

142  50 

1000 

850  00 

u 

150  00 

1000 

850  00 

it 

it 

150  00 

1000 

850  00 

it 

150  00 

1000 

850  00 

ii 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

a 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

(( 

a 

150  00 

1000 

850  00 

(( 

it 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

ii 

“ 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

ii 

“ 

150  00 

1000 

850  00 

ii 

“ 

150  OOi 

1000 

850  00 

a 

it 

150  00| 

1000 

850  00 

a 

“ 

150  00 

1000 

850  00 

ii 

“ 

160  00 

1000 

850  00 

it 

“ 

150  00 

1000 

850  00 

a 

“ 

150  00 

1000 

850  00 

ii 

“ 

150  00 

1000 

850  00 

ii 

it 

150  00, 

1000 

850  00 

“ 

it 

150  001 

$738,447  00 


$ 126,553  00 


Remarks. 


Carried  fori  ward, 


991 

lOOi 

lOo: 

100! 

loo; 

100- 

100; 

100( 

loo; 

100! 

100! 

lOK 

101] 

lOlS 

lOli 

101. 

101c 

loie 

101/ 

lOlJ 

101! 

102C 

102] 

1022 

102S 

1021 

1025 

1026 

1027 

1028 

1029 

1030 

1031 

1032 

1033 

1034 

1035 

1036 

1037 

1038 

1039 

1040 

1041 

1042 

1043 

1044 

1045 

1046 

1047 

1048 

1049 

1050 

1051 

1052 

1053 

1054 

1055 

1056 

1057 

1058 

1059 

1060 


TABLE  in. — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Desig- 

nation. 

Proceeds. 

1 Mode 
: of 
Paj’m’t 

1 By  whom 

. Negociated. 

Amount 

of 

Discount. 

ward, 

$738,447  0( 

)' 

s 

; 125,553  00 

SIOOC 

850  0( 

) Cash, 

J.  E.  Thayer  & Bro.  . . 

150  00 

100( 

850  0( 

) “ 

i “ 

150  00 

100( 

850  0( 

).  “ 

1 

150  oo; 

100( 

* 850  0( 

^ “ 

t 

150  00' 

lOOC 

850  0( 

) “ 

I 

150  00 

i 

50C 

! 425  0( 

) “ 

Wales  Lewis, 

1 

75  00 

50C 

428  7c 

|J.  Chapman, 

71  251 

500 

425  OC 

)]  “ 

‘James  Dennie, 

75  00 

500 

428  7c 

|H.  Humphreys, 

71  25, 

500 

428  7c 

• ^ LL 

71  25! 

500 

428  7o 

,1  “ 

M.  Thatcher,  

71  25, 

500 

428  75 

“ 

71  25; 

500 

428  75 

1 “ 

“ 

71  25i 

500 

425  00 

1 

Gilbert  & Sons, 

75  00 j 

500 

426  25 

, “ 

T.  C.  Leeds, 

73  751 

500 

426  25 

44 

73  75| 

500 

426  25 

/ 3 / 5 j 

500 

426  25 

44 

73  75 

500 

450  00 

50  00 

500 

450  00 

50  001 

500 

450  00 

u 

44 

50  OOj 

500 

450  00 

u 

44 

50  00| 

500 

450  00 

(( 

50  00| 

500 

450  00 

u 

44 

50  OOj 

500 

430  00 

ii 

S.  H.  Waller, 

70  00 

500 

430  00 

ii 

44 

70  00 

500 

430  00 

44 

70  00 

500 

430  00 

44 

70  00 

500 

430  00 

u 

44 

70  00 

500 

430  00 

u 

44 

70  00 

500 

430  00 

u 

44 

70  00 

500 

430  00 

44 

70  00 

500 

425  00 

u 

J.  Goldsburv, 

75  00 

500 

425  00 

William  ilcLain, 

75  00 

500 

425  00 

u 

75  00 

500 

425  00 

u 

44 

75  00 

500 

425  00 

44 

75  00 

500 

425  00 

U 

75  00 

500 

425  00 

75  00| 

500 

425  00 

u 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

425  00 

75  00 ! 

500 

425  00 

75  00 

500 

425  00 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

425  00 

44 

75  00 

500 

425  00 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

425  00 

75  50| 

500 

425  00 

44 

44 

75  00 

500 

425  00 

44 

75  00 

500 

425  00 

44 

75  00' 

500 

425  00 

44 

75  00| 

500 

425  00 

44 

75  oo! 

500 

425  00 

44 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

425  00 

44 

44 

75  00 

500 

437  25 

44 

E.  Kimball, 

62  75 

500 

428  75 

44 

W.  G.  Pierce, 

71  25j 

card, 

$767,580  60 

$ 

130,419  60 

Remarks. 


No. 

1061 

1062 

1063 

1064 

1065 

1066 

1067 

1068 

1069 

1070 

1071 

1072 

1073 

1074 

1075 

1076 

1077 

1078 

1079 

1080 

1081 

1082 

1083 

1084 

1085 

1086 

1087 

1088 

1089 

1090 

1091 

1092 

1093 

1094 

1095 

1096 

1097 

1098 

1099 

1100 

1101 

1102 

1103 

1104 

1105 

1106 

1107 

1108 

1109 

1110 

1111 

1112 

1113 

1114 

1115 

1116 

1117 

1118 

1119 

1120 

1121 


TABLE  III.  — (Continued.) 


97 


Mortgage  Bonds  due  in  1861. 


Desig- 

nation. 


Proceeds. 


Mode 

of 

Paym’t. 


■ard. 

$767,580  50 

$500 

428  75 

500 

428  75 

500 

435  00 

500 

435  00  1 

500 

435  00 

500 

435  00 

500 

435  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

450  00 

500 

428  75 

500 

428  75 

500 

428  75 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

600 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

428  75 

500 

428  75 

500 

428  75 

500 

450  00 

500 

425  00 

500 

425  00 

500 

428  75 

500 

440  00 

500 

440  00 

500 

440  00 

500 

440  00 

500 

440  00 

500 

440  00 

500 

440  00 

500 

440  00 

500 

440  00 

500 

440  00 

5001 

500 

500l 

500' 

500 


440  00 
440  00 
440  00 
425  00 
02^ 


500 

425  62i 

500 

425  62^ 

500 

425  62^ 

500 

425  62^ 

500 

425  62^ 

ird. 

$795,.378  03  1 

W.  G.  Pierce, 
A.  C.  Ryder, . 
L.  Gulliver, . . 


J.  R.  Brackett, 


By  whom 
Negociated. 


Amount 

of 

Discount. 


Aaron  Blaney,  . . , 
William  Bridge, . 

Henshaw  & Sons, 


T.  Battles,  Jr. 
C.  M.  Dyer,  . 


C.  Davenport,  , 
T.  M.  Edwards, 

William  Gilson, 
B.  Brown,  Jr.  . . 


J.  Quincy,  Jr. 


$130,419  50 
71  25 
71  25 
65  00 
65  00 
65  00 
65  00 
65  00 
50  00 
50  00 
50  00 
50  00 
50  00 
50  00 
50  00 
50  00 
50  00 
50  00 
50  00 
71  25 
71  25 
71  25 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
71  25 
71  25 
71  25 
60  00 
75  00 
75  00 
71  25 
60  00 
60  00 
60  00 
60  00 
60  00 
60  00 
60  00 
60  00 
60  00 
62  00 
60  00 
60  00 
60  00 
60  00 
74  37i 
74  37i 
74  37i 
74  37i 
74  37  i 
74  37i 

$134,622  03 


Remarks. 


98 


TABLE  m.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Desig- 

Mode 

By  whom 

Amount 

No. 

Disposition. 

Proceeds. 

of 

of 

Remarks. 

nation. 

Paym’t. 

Negociated. 

Discount. 

Brought  for 

ward, 

$795,378  03 

$134,622  03 

1125 

Cash, 

J.  Quiucy,  Jr 

Sold, 

§500 

425  62^ 

74  371 

1. 

1126 

500 

425  62i 

(( 

u 

74  37-J 

1127 

U 

500 

425  62i 

(( 

it 

74  371 

1128 

U 

500 

425  62i 

“ 

74  37i 

1129 

u 

500 

425  62i 

iC 

“ 

74  371 

1130 

500 

425  62i 

U 

74  371 

1131 

ii 

500 

425  62i 

“ 

74  371 

1132 

u 

500 

425  62^ 

u 

“ 

74  371 

1133 

u 

500 

425  62i 

u 

(( 

74  37i 

1134 

ii 

500 

425  62i 

u 

(( 

74  37i 

1135 

“ 

500 

425  62i 

u 

“ 

74  37i 

1136 

» 

500 

425  62i 

ii 

n 

74  371 

1137 

n 

500 

425  62i 

ii 

ii 

74  371 

1138 

500 

425  62i 

u 

u 

74  371 

1139 

500 

425  62^ 

u 

It 

74  371 

1140 

“ 

500 

425  62i 

u 

“ 

74  371 

1141 

500 

425  62i 

u 

“ 

74  371 

1142 

500 

425  62i 

It 

74  371 

1143 

ii 

500 

425  62i 

“ 

» 

74  371 

1144 

ii 

500 

425  62i 

u 

(C 

74  37i 

1145 

ii 

500 

425  62i 

74  37i 

1146 

ii 

500 

425  62^ 

“ 

“ 

74  371 

1147 

500 

425  62i 

» 

u 

74  37i 

1148 

“ 

500 

425  62i 

“ 

74  37i 

1149 

500 

425  62i 

“ 

74  37i 

1150 

U 

500 

425  62i 

it 

74  371 

1151 

u 

500 

425  62i 

u 

a 

74  371 

1152 

u 

500 

425  d2i 

It 

74  371 

1153 

u 

500 

425  62i 

u 

It 

74  371 

1154 

500 

425  62i 

u 

It 

74  371 

1155 

500 

425  62i 

u 

it 

74  371 

1156 

« 

500 

425  62i 

ii 

tt 

74  37i 

1157 

500 

425  62J 

ii 

tt 

74  37i 

1158 

44 

500 

425  62i 

a 

74  371 

1159 

44 

500 

425  62i 

ii 

a 

74  37i 

1160 

44 

500 

425  62^' 

1 

it 

74  37i 

1161 

44 

500 

425  62f 

ii 

tt 

74  37^ 

1162 

44 

500 

425  62i 

ii 

tt 

74  371 

1163 

500 

425  62^1 

ii 

a 

74  37i 

1164 

« 

500 

425  62ii 

ii 

tt 

74  37i 

1165 

500 

425  62i 

ii 

it 

74  37i 

1166 

44 

500 

425  62i' 

a 

tt 

74  37i 

1167 

44 

500 

425  621 ! 

ii 

tt 

74  37i 

1168 

‘‘ 

500 

425  62^' 

ii 

tt 

74  37i 

1169 

44 

500 

425  62^ 

ii 

tt 

74  37i 

1170 

44 

500 

425  62i' 

ii 

tt 

74  37^ 

1171 

500 

425  62i: 

a 

tt 

74  37i 

1172 

44 

500 

425  621 

a 

tt 

74  37J 

1173 

44 

500 

425  621: 

a 

tt 

74  37^ 

1174 

44 

500 

425  621 

a 

tt 

74  37i 

1175 

500 

425  62ii 

a 

a 

. 74  37i 

1176 

500 

425  62i; 

a 

a 

74  37i 

1177 

500 

425  62i 

a 

tt 

74  37i 

1178 

500 

425  62i 

ii 

tt 

74  37| 

1179 

500 

425  00 

W.  C.  Hickock, 

75  00 

1180 

44 

500 

425  00 

ii 

ii 

75  00 

1181 

44 

500 

425  00 

ii 

ii 

75  00 

1182 

44 

500 

428  75 

ii 

John  Avers, 

71  25 

1183 

500 

430  25 

ii 

S.  Shaw, 

69  75 

1184 

500 

430  25 

ii 

69  75 

1185 

500 

432  50 

a 

G.  K.  Sampson, 

67  50 

1186 

500 

432  50 

it 

67  50 

1187 

500 

432  50 

ii 

ii 

67  50 

1188 

500 

432  50 

ii 

a 

67  50 

Carried  for. 

ward, 

$822,656  00 

$139,344  00 

Ncs 

1189 

1190 

1191 

1192 

1193 

1194 

1195 

1196 

1197 

1198 

1199 

1200 

1201 

1202 

1203 

1204 

1205 

1206 

1207 

1208 

1209 

1210 

1211 

1212 

1213 

1214 

1215 

1216 

1217 

1218 

1219 

1220 

1221 

1222 

1223 

1224 

1225 

1226 

1227 

1228 

1229 

1230 

1231 

1232 

1233 

1234 

1235 

1236 

1237 

1238 

1239 

1240 

1241 

1242 

1243 


TABLE  III.  — (Continued.) 


99 


Mortgage  Bonds  due  in  1861. 


Desig- 

nation. 

Proceeds. 

ward, 

$500 

$822,656  00 

432  50 

500 

432  50 

500 

432  50 

500| 

432  50 

5001 

432  50 

5001 

500 

432  50 

428  75 

500 

428  75 

500 

428  75 

500 

432  50 

500 

432  50 

500 

432  50 

500 

432  50 

500 

432  50 

500 

432  50 

500 

432  50 

500 

432  50 

500 

432  50 

500 

432  50 

500 

432  50 

500 

425  50 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

428  75 

500 

428  75 

500 

428  75 

500 

428  75 

500 

428  75 

500 

428  75 

500 

425  00 

500 

425  00 

500. 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

425  00 

500 

500 

500 

428  75 

ward, 


$849,178  50 


Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

1 

$139,344  00 
67  50 

Cash, 

G.  R.  Sampson, 

U 

67  50 

67  50 

67  50 

U 

a 

67  50 

a 

67  50 

a 

A.  Edwards, 

71  25 

“ 

H.  Burton,  

71  25 

N.  Ball, 

71  25 

a 

S.  H.  Walley, 

67  50 

67  50 

a 

a 

67  50 

a 

a 

67  50 

a 

67  50 

a 

a 

67  50 

a 

a 

67  50 

a 

LL 

67  50 

u 

a 

67  50 

a 

a 

67  50 

a 

it 

67  50 

a 

u 

67  50 

u 

Acors  Barnes, 

75  00 

a 

a 

75  00 

(( 

W,  H.  Weaver, 

75  00 

a 

a 

75  00 

u 

I.  Lombard,  

75  00 

u 

75  00 

a 

75  00 

1 

(( 

75  00 

1 a 

a 

75  00 

u 

a 

75  00 

u 

a 

75  00 

U 

LL 

75  00 

a 

75  00 

LL 

75  00 

a 

a 

75  00 

a 

a 

75  00 

u 

AV,  L.  Williams,  

71  25 

a 

71  25 

a 

a 

71  25 

a 

Li 

71  25 

a 

Edward  Stone, 

71  25 

a 

A.  Kendrick,  

71  25 

a 

Moses  Bass, 

75  00 

a 

a 

75  00 

a 

LL 

75  00 

a 

Li 

75  00 

(( 

Li 

75  00 

a 

a 

75  00 

u 

a 

75  00 

a 

a 

75  00 

a 

Li 

75  00 

Li 

a 

75  00 

a 

a 

75  00 

a 

LL 

75  00 

a 

a 

75  00 

a 

LL 

75  00 

a 

Li 

75  00 

a 

75  00 

u 

G.  B.  Pierce, 

75  00 

Li 

LL 

75  00 

“ 

E.  Riford,  

71  25 

$143,821  50 

Remarks. 


Carried  for 


No. 

1253 

1254 

1255 

1256 

1257 

1258 

1259 

1260 

1261 

1262 

1263 

1264 

1265 

1266 

1267 

1268 

1269 

1270 

1271 

1272 

1273 

1274 

1275 

1276 

1277 

1278 

1279 

1280 

1281 

1282 

1283 

1284 

1285 

1286 

1287 

1288 

1289 

1290 

1291 

1292 

1293 

1294 

1295 

1296 

1297 

1298 

1299 

1300 

1301 

1302 

1303 

1304 

1305 

1306 

1307 

1308 

1309 

1310 

1311 

1312 

1313 

1314 

1315 

1316 


TABLE  m.  — (Continued.)  * 


Mortgage  Bonds  due  in  1861. 


Proceeds. 


$849,178  50 
4.30  25 
430  25 
425  00 
425  00 
425  00 
425  00 
432  50 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
450  00 
428  75 
428  75 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
428  75 
428  75 
428  75 
428  75 
428  75 
428  75 
428  75 
430  25 
430  25 
425  00 
425  00 
425  00 
425  00 
428  75 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 


$876,469  60 


Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

$143,821  50 
69  75 

Cash, . 

S.  Shaw, 

Li 

LL 

69  75 

LL 

Gilbert  & Sons, 

75  00 

“ 

75  00 

LL 

u 

75  00 

John  Smith, 

75  00 

Jeremiah  Fitch, 

67  50 

I.  Lombard, 

75  00 

Li 

“ 

75  00 

H 

“ 

75  00 

Li 

75  00 

LL 

“ 

75  00 

LL 

“ 

75  00 

Li 

W.  Sanborn, 

50  00 

Li 

John  Ayers, 

71  25 

71  25 

LL 

I.  Lombard, 

75  00 

LL 

75  00 

“ 

75  00 

“ 

75  00 

Li 

K 

75  00 

Li 

ti 

75  00 

LL 

“ 

75  00 

Li 

“ 

75  00 

Li 

“ 

75  00 

LL 

ti 

75  00 

“ 

75  00 

it 

75  00 

“ 

75  00 

U 

“ 

75  00 

Jason  Steele, 

71  25 

u 

“ 

71  25 

a 

J.  W.  Converse, 

71  25 

LL 

it 

71  25 

LL 

It 

71  25 

LL 

“ 

71  25 

LL 

Jonas  Warren, 

71  25 

LL 

S.  Shaw, 

69  75 

LL 

“ 

69  75 

J.  E.  Thayer  & Bro.  . . 

75  00 

LL 

75  00 

LL 

LL 

75  00 

LL 

LL 

75  00 

Daniel  Parish, 

71  25 

J.  A.  Underwood,  .... 

75  00 

U 

John  Paine, 

75  00 

it  ’ 

75  00 

Li 

it 

75  00 

“ 

75  00 

it 

75  00 

LL 

It 

75  00 

LL 

“ 

75  00 

LL 

75  00 

LL 

J.  C.  Douglass,  

75  00 

LL 

1.  Lombard, 

75  00 

LL 

it 

75  00 

“ 

75  00 

J.  C.  Douglass,  

75  00 

J.  A.  Underwood,  .... 

75  00 

“ 

75  00 

75  00 

LL 

(( 

75  00 

LL 

LL 

75  00 

LL 

75  00 

$148,530  50 


Beniarks. 


No. 

1317 

1318 

1319 

1320 

1321 

1322 

1323 

1324 

1325 

1326 

1327 

1328 

1329 

1330 

1331 

1332 

1333 

1334 

1335 

1336 

1337 

1338 

1339 

1340 

1341 

1342 

1343 

1344 

1345 

1346 

1347 

1348 

1349 

1350 

1351 

1352 

1353 

1354 

1355 

1356 

1357 

1358 

1359 

1360 

1361 

1862 

1363 

1364 

1365 

1366 

1367 

1368 

1369 

1370 

1371 

1372 

1378 

1374 

1378 

1376 

137^ 

1376 


TABLE  UI.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Proceeds. 


$876,469  50 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
428  75 
425  00 
425  00 
428  75 
428  75 
428  75 
437  50 
428  75 
433  75 
433  75 
433  75 
433  75 
433  75 
433  75 
433  75 
433  75 
433  75 
433  75 
428  75 
428  75 
425  00 
425  00 
425  00 
425  00 
428  75 
428  75 
428  75 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 
425  00 


$903,807  00 


Mode 

By  whom 

Amount 

of 

of 

Paym’t. 

Negociated. 

Discount. 

$148,530  50 

75  00 

Cash,  , 

J.  A.  Underwood,  .... 

44 

“ 

75  00 

44 

li 

75  00 

J.  C.  Douglass,  ...... 

75  00 

75  00 

44 

75  00 

44 

u 

75  00 

“ 

u 

75  00 

44 

75  00 

44 

75  00 

44 

u 

75  00 

44 

William  Steele, 

71  25 

44 

S.  Alford,  ,Ir 

75  00 

u 

75  00 

44 

“ 

71  25 

71  25 

44 

J.  P.  Nelson,  

71  25 

44 

P.  Dillingham, 

62  50 

44 

T.  Leonard,  

71  25 

44 

J.  C.  Dunn, 

66  25 

44 

44 

66  25 

44 

it 

66  25 

44 

44 

66  25 

44 

66  25 

44 

44 

66  25 

44 

44 

66  25 

44 

U 

66  25 

44 

44 

66  25 

66  25 

44 

Phni-  Piftrrpj 

71  25 

u 

N.  C.  Crane, 

71  25 

u 

J.  p.  Putnam, 

75  00 

44 

75  00 

44 

u 

75  00 

44 

IL 

75  00 

44 

Ppohoii  Hunt,  

71  25 

44 

71  25 

44 

W.  McKeon, 

71  25 

44 

Mrs.  L.  B.  Peck, 

J.  E.  Thayer  & Bro.  . . 

75  00 

75  00 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

75  00 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

75  00 

75  00 

44 

44 

75  00 

44 

(4 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

44 

44 

75  00 

$153,193  00 

Remarks 


No. 

1381 

1382 

1383 

1384 

1385 

1386 

1387 

1388 

1389 

1390 

1391 

1392 

1393 

1394 

1395 

1396 

1397 

1398 

1399 

1400 

1401 

1402 

1403 

1404 

1405 

1406 

1407 

1408 

1409 

1410 

1411 

1412 

1413 

1414 

1415 

1416 

1417 

1418 

1419 

1420 

1421 

1422 

1423 

1424 

1425 

1426 

1427 

1428 

1429 

1430 

1431 

1432 

1433 

1434 

1435 

1436 

1437 

1438 

1439 

1440 

1441 

1442 

1443 

1444 


TABLE  III.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

$903,807  00 
425  00 

Cash, 

j.  E.  Thayer  & Bro.  . . 

$153,193  00 
75  00 

425  00 

a 

75  00 

425  00 

U 

75  00 

425  00 

u 

U 

75  00 

425  00 

u 

75  00 

425  00 

75  00 

425  00 

u 

u 

75  00 

425  00 

u 

75  00 

425  00 

(C 

75  00 

425  00 

u 

U 

75  00 

425  00 

(( 

u 

75  00 

425  00 

ii 

u 

75  00 

425  00 

u 

u 

75  00 

425  00 

a 

75  00 

425  00 

u 

75  00 

425  00 

u 

ifi 

75  00 

425  00 

(.i 

u 

75  00 

425  00 

u 

u 

75  00 

425  00 

a 

75  00 

425  00 

a 

75  00 

425  00 

u 

75  00 

425  00 

u 

75  00 

425  00 

u 

(( 

75  00 

425  00 

u 

it 

75  00 

425  00 

u 

it 

75  00 

425  00 

u 

75  00 

425  00 

u 

75  00 

425  00 

a 

u 

75  00 

425  00 

u 

75  00 

425  00 

u 

iC 

75  00 

425  00 

u 

u 

76  00 

425  00 

u 

75  00 

425  00 

u 

u 

75  00 

425  00 

u 

‘‘ 

75  00 

425  00 

u 

u 

75  00 

425  00 

u 

75  00 

425  00 

u 

u 

75  00 

425  00 

u 

(i 

75  00 

425  00 

u 

(( 

75  00 

425  00 

u 

u 

75  00 

425  00 

it 

75  00 

425  00 

u 

it 

75  00 

425  00 

u 

75  00 

425  00 

u 

75  00 

425  00 

16 

75  00 

425  00 

££ 

u 

75  00 

425  00 

it 

u 

75  00 

425  00 

(( 

75  00 

425  00 

u 

75  00 

425  00 

75  00 

425  00 

u 

u 

75  00 

425  00 

ii 

75  00 

425  00 

a 

75  00 

425  00 

' u 

75  00 

425  00 

a 

u 

75  00 

425  00 

75  00 

425  00 

u 

75  00 

425  00 

u 

66 

75  00 

425  00 

u 

66 

75  00 

425  00 

u 

66 

75  00 

425  00 

u 

66 

75  00 

425  00 

u 

66 

75  00 

425  00 

a 

66 

75  00 

425  00 

u 

George  Francis, 

75  00 

$931,007  00 

$157,993  00 

Remarks. 


TABLE  III.  — (Continued.) 


103 


Mortgage  Bonds  due  in  1861, 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

I 

1445 

Brought  for 
Sold, 

vard, 

$500 

$931,007  00  . 
428  75  ( 

1446 

U 

500 

425  00 

1447 

u 

500 

425  00 

1448 

a 

500 

425  00 

1449 

(( 

500 

425  00 

1450 

“ 

500 

425  00 

1451 

u 

500 

425  00 

1452 

u 

500 

428  75 

1453 

ii 

500 

428  75 

1454 

u 

500 

425  00 

1455 

u 

500 

425  00 

1456 

u 

500 

425  00 

1457 

u 

500 

425  00 

1458 

u 

500 

425  00 

1459 

u 

500 

425  00 

1460 

u 

500 

425  00 

1461 

ii 

500 

425  00 

1462 

u 

500 

425  00 

1463 

u 

500 

425  00 

1464 

u 

500 

425  00 

1465 

u 

500 

425  00 

1466 

u 

500 

425  00 

1467 

u 

500 

425  00 

1468 

cc 

500 

425  00 

1469 

500 

425  00 

1470 

u 

500 

425  00 

1471 

u 

500 

425  00 

1472 

u 

500 

425  00 

1473 

u 

500 

428  75 

1474 

u 

500 

428  75 

1475 

u 

500 

425  00 

1476 

u 

500 

428  75 

1477 

u 

500 

428  75 

1478 

a 

500 

425  00 

1479 

u 

500 

430  25 

1480 

u 

500 

430  25 

1481 

u 

500 

428  75 

1482 

u 

500 

428  75 

1483 

(( 

500 

428  75 

1484 

u 

500 

428  75 

1485 

(( 

500 

428  75 

I486 

u 

500 

428  75 

1487 

(( 

500 

425  00 

1488 

u 

500 

425  00 

1489 

u 

500 

1 425  00 

1490 

1 u 

500 

I 428  75 

1491 

u 

500 

1 428  75 

1492 

1 u 

500 

1 437  50 

1493 

500 

1 437  50 

1494 

tt 

500 

f 433  75 

1495 

500 

1 433  75 

1496 

50C 

1 433  75 

1497 

50C 

) 433  75 

149? 

! “ 

50( 

) 433  75 

149£ 

) 

50( 

) 433  75 

1506 

) “ 

50( 

) 433  75 

150] 

L “ 

50( 

) 433  75 

1505 

5 

50( 

) 433  75 

150? 

} “ 

50( 

) 433  75 

150< 

t ' 

60( 

) 433  75 

150? 

) “ 

50( 

) 433  75 

150( 

J “ 

50( 

) 433  75 

150] 

1 

50( 

) 433  75 

150! 

50( 

) 433  75 

Carried  fo: 

r ward, 

$958,430  00 

Mode 

of 


By  whom 
Negociated. 


Cash, 


Joel  Mann,  . . . . 
P.  C.  Turner,  . . 

J.  C.  Douglass, 


Amount 

of 

Discount. 


J.  E.  Thayer, 

E.  Hackett, 

J.  E.  Thayer  & Bro. 


Wm.  McLain, 


C.  M.  Dyer,. 
H.  Bingham, 


Ira  Young,  . 
J.  C.  Dunn,. 


M.  N.  Lincoln, 

J.  N.  Willard, 

Rev.  A.  Blanchard, 

S.  Hebard,  

G.  & W.  P.  Frost,  . 
J.  E.  Thaver  & Bro 
William  f’arsons, . . 


$157,993  00 
71  25 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
71  25 
71  25 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
75  00 
71  25 
71  25 
75  00 
71  25 
71  25 
75  00 
69  75 
69  75 
71  25 
71  25 
71  25 
71  25 
71  25 
71  25 
75  00 
75  00 
75  00 
71  25 
71  25 
62  50 
62  50 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 
66  25 

$162,570  00 


Remarks. 


104 


TABLE  III.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation 

Proceeds. 

Mode 

of 

Paym’t 

By  wliom 

Negotiated. 

Amount 

of 

Discount. 

Remarks. 

Brought  fo 

' ward, 

$959,288  75 

$162  570  00 

150£ 

Sold, 

$50( 

433  75 

Cash, 

J.  C.  Dunn,  

66  25 

151( 

‘‘ 

50( 

425  00 

ti 

J.  E.  Thayer  & Bro.  , . 

75  00 

151] 

50( 

425  00 

“ 

ti 

75  00 

161^ 

50( 

425  00 

(( 

“ 

75  00 

151£ 

“ 

50( 

425  00 

it 

“ 

75  00 

1511 

50( 

425  00 

it 

a 

75  00 

1515 

50( 

425  00 

it 

75  00 

1516 

50C 

425  00 

ii 

ii 

75  00 

1517 

U 

506 

425  00 

“ 

“ 

75  00 

1516 

50C 

425  00 

“ 

75  00 

1519 

50C 

425  00 

“ 

“ 

75  00 

1520 

“ 

500 

428  75 

ti 

H.  Bingham,  

71  25 

1521 

“ 

500 

430  25 

S.  Shaw, 

69  75 

1522 

u 

500 

430  25 

“ 

“ 

69  75 

1523 

(( 

500 

428  75 

it 

J.  A.  Page,  

71  25 

1524 

“ 

500 

425  25 

S.  Prentiss, 

74  75 

1525 

u 

500 

425  25 

“ 

74  75 

1526 

ii 

500 

425  25 

u 

“ 

74  75 

1527 

li 

500 

425  25 

“ 

“ 

74  75 

1528 

u 

500 

433  75 

u 

J.  C.  Dunn,  

66  25 

1529 

it 

500 

433  75 

it 

“ 

66  25 

1530 

“ 

500 

433  75 

“ 

“ 

66  25 

1531 

“ 

500 

433  75 

ii 

it 

66  25 

1532 

“ 

500 

425  00 

ii 

W.  H.  Gregerson, 

75  00 

1533 

“ 

500 

425  00 

“ 

75  00 

1534 

500 

425  00 

“ 

ii 

75  00 

1535 

500 

425  00 

“ 

“ 

75  00 

1536 

it 

500 

425  00 

u 

“ 

75  00 

1537 

500 

425  00 

“ 

75  00 

1538 

500 

450  00 

“ 

William  Sanborn,  .... 

50  00 

1539 

a 

500 

430  25 

“ 

William  Thomas, 

69  75 

1540 

a 

500 

430  25 

“ 

ii 

69  75 

1541 

a 

500 

430  25 

69  75 

1542 

it 

500 

430  25 

(1 

ii 

69  75 

1543 

it 

500 

428  75 

“ 

F.  D.  Anderson,  

71  25 

1544 

500 

425  00 

J.  Cutter, 

75  00 

1545 

it 

500 

425  00 

“ 

“ 

75  00 

1546 

it 

500 

430  25 

William  Thomas, 

69  75 

1547 

a 

500 

430  25 

69  75 

1548 

ti 

500 

430  25 

“ 

‘■i 

69  75 

1549 

it 

500 

430  25 

a 

69  75 

1550 

500 

428  75 

“ 

E.  Carpenter, 

71  25 

1551 

it 

500 

430  25 

WUham  Thomas, 

69  75 

1552 

it 

500 

430  25 

“ 

69  75 

1553 

500 

428  75 

“ 

E.  Carpenter, 

71  25 

1554 

500 

433  75 

J.  C.  Dunn,  

66  25 

1555 

it 

500 

433  75 

“ 

“ 

66  25 

1556 

a 

500 

433  75 

u 

66  25 

1557 

“ 

500 

433  75 

“ 

“ 

66  25 

1558 

500 

432  50 

T.  H.  Leavitt, 

67  50 

1559 

500 

425  00 

G.  W.  Pritchard, 

75  00 

1560 

a 

500 

433  75 

u ^ 

J.  C.  Dunn, 

66  25 

1561 

it 

500 

433  75 

u 

ii 

66  25 

1562 

it 

500 

433  75 

u 

66  25 

1563 

it 

500 

433  75 

n 

ti 

66  25 

1564 

it 

500 

433  75 

u 

it 

66  25 

1565 

500 

433  75 

tl 

ii 

66  25 

1566 

a 

500 

433  75 

tl 

ii 

66  25 

1567 

a 

500 

433  75 

ti 

66  25 

1568 

ti 

500 

433  75 

it 

66  25 

1569 

a 

500 

433  75 

“ 

it 

66  25 

1570 

500 

433  75 

it 

66  25 

1571 

500 

433  75 

It 

ii 

66  25 

1572 

u 

500 

433  75 

U '■ 

Fhomas  Day, 

66  25 

Carried  for N 

vard, 

$985,937  75 

$167,062  25 

No. 

1573 

1574 

1575 

1576 

1577 

1578 

1579 

1580 

1581 

1582 

1583 

1584 

1585 

1586 

1587 

1588 

1589 

1590 

1591 

1592j 

1593 

1594 

1595 

1596 

1597 

1598 

1599 

1600 

1601 

1602 

1603 

1604 

1605 

1606 

1607 

1608 

1609 

1610 

1611 

1612 

1613 

1614 

1615 

1616 

1617 

1618 

1619 

1620 

1621 

1622 

1623 

1624 

1625 

1626 

1627 

1628 

1629 


TABLE  III.  — (Continued.) 


105 


Mortgage  Bonds  due  in  1861. 


^rard, 

$500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

500 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 

100 


Carried  for  ward, 
N 


Desig- 

nation. 


Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

$985,937  75 
428  75 

' 

$167,062  25 
71  25 

Cash, 

0.  Cummings, 

432  50 

u 

T.  H.  Leavitt,  

67  50 

428  75 

ii 

Allen  Hazen,  

71  25 

428  75 

“ 

A.  Webster,  

71  25 

428  75 

U 

E.  Hebard,  

Thomas  Day, 

71  25 

433  75 

(( 

66  25 

428  75 

U 

Mary  F.  Sanger, 

71  25 

425  00 

J.  R.  Langdon, 

75  00 

425  00 

75  00 

425  00 

“ 

75  00 

425  00 

(( 

‘‘ 

75  00 

425  00 

u 

“ 

75  00 

425  00 

a 

(( 

75  00 

425  00 

(C 

“ 

75  00 

425  00 

u 

u 

75  00 

425  00 

u 

“ 

75  00 

425  00 

u 

“ 

75  00 

428  75 

J.  Bickford, 

71  25 

428  75 

J.  Stoddard, 

71  25 

428  75 

u 

T.  Livermore, 

71  25 

428  75 

1 

S.  C.  French, 

71  25 

428  75 

71  25 

437  50 

J.  C.  Dunn,  

62  50 

85  75 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75  I 
85  75  1 
85  75  I 
85  75 
85  75 
85  75 
85  7 0 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75  I 
85  75 
85  75 
85  75 
85  75 
85  75 
85  75 

85  75 
90  00 
90  00 

86  00 
86  00 

$997,875  00 


Cash, 


Wales  Lewis, 
A.  E.  Towle, 

a 

J.  Quincy, . . . 


H.  Humphreys, 


M.  Thatcher, 

U 

T.  C.  Leeds,  . 
S.  11.  Walley, 


Remarks. 


14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  26 
14  26 
14  25 
14  25 
10  00 
10  00 
14  00 
14  00 

$109,225  00 


C Given  to  J.  A. 
^ Underwood, 

( as  sample. 

( Given  to 
^ Willis  & Co. 
(as  sample. 


106 


TABLE  III.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Bemarks. 

1634 

Brought  for 
Sold, 

ward, 

$100 

100 

$997,875  00 
86  00 

S.  H.  Wallev, 

$169,225  00 
14  00 

1635 

U 

86  00 

44 

14  00 

1636 

u 

100 

86  00 

44 

14  00 

1637 

100 

86  00 

u 

14  00 

1638 

u 

100 

86  00 

14  00 

1639 

u 

100 

86  00 

44 

u 

14  00 

1640 

“ 

100 

86  00 

“ 

u 

14  00 

1641 

u 

100 

86  00 

44 

“ 

14  00 

1642 

(C 

100 

90  00 

“ 

J.  P.  TeiTv,  

10  00 

1643 

100 

90  00 

“ 

u 

10  00 

1644 

“ 

100 

90  00 

44 

H.  Humphreys, 

10  00 

1645 

100 

85  00 

44 

William  McLain, 

15  00 

1646 

u 

100 

85  00 

44 

15  00 

1647 

u 

100 

85  00 

u 

15  00 

1648 

u 

100 

85  00 

15  00 

1649 

u 

100 

85  00 

44 

u 

15  00 

1650 

iC 

100 

85  00 

» 

u 

15  00 

1651 

u 

100 

85  00 

44 

u 

15  00 

1652 

u 

100 

85  00 

“ 

15  00 

1653 

a 

100 

85  00 

44 

15  00 

1654 

u 

100 

85  00 

44 

1 U 

15  00 

1655 

1656 

u 

100 

85  75 

44 

N.  Jenne, 

14  25 

u 

100 

85  75 

“ 

N.  Mitchell,  

14  25 

1657 

“ 

100 

85  75 

“ 

“ 

14  25 

1658 

“ 

100 

85  75 

A.  Adams,  

14  25 

1659 

100 

85  75 

14  25 

1660; 

100 

85  75 

44 

Sally  K.  Brewer, 

14  25 

1661 

100 

85  75 

14  25 

j 

1662' 

u 

100 

85  75 

William  Bridge, 

14  25 

1663i 

u 

100 

85  7 5 

44 

14  25 

1664 

ii 

100 

85  75 

44 

44 

14  25 

1665 

a 

lOOl 

90  00 

44 

H.  S.  Fisk, 

10  00 

1666 

u 

lOOj 

90  00 

10  00 

1667 

100 

90  00 

u 

10  00 

1668 

a 

100 

90  00 

u ! 

C.  Davenport, 

10  00 

1669 

100 

90  00 

G.  S.  Towle, 

10  00 

1670 

100 

90  00 

44 

10  00 

1671 

100 

90  00 

! 

10  00 

1672! 

100 

85  75 

44  ' 

B.  Smith, 

14  25 

1673  i 

100 

90  00 

“ 1 

44 

10  00 

1674’ 

1001 

85  75 

44  1 

William  Gilson, 

14  25 

16751 

(4 

100 

85  75 

44 

14  25 

1676 

44 

100 

85  75 

44  1 

44 

14  25 

1677 

44 

100 

88  00 

B,  Brown,  Jr 

12  00 

1678 

44 

100 

88  00 

44 

u 

12  00 

1679 

44 

100 

88  00 

44 

u 

12  00 

1680 

44 

100 

88  00 

44 

u 

12  00 

1681 

44 

100 

88  00 

44 

a 

12  00 

1682 

44 

100 

88  00 

44 

u 

12  00 

1683 

44 

100 

88  00 

u 

U 

12  00 

1684 

100 

88  00 

44 

U 

12  00 

1685 

100 

88  00 

44 

u 

12  00 

1686 

100 

88  00 

44 

U 

12  00 

1687 

44 

100 

88  00 

44 

ii 

12  00 

1688 

44 

100 

88  00 

44 

u 

12  00 

1689 

44 

100 

88  00 

44 

U 

12  00 

1690 

44 

100 

88  00 

12  00 

1691 

100 

88  00 

44 

u 

12  00 

1692 

100 

88  00 

44 

12  00 

1693 

100 

88  00 

it 

(( 

12  00 

1694 

44 

100 

88  00 

44 

ll 

12  00 

1695 

44 

100 

88  00 

44 

(( 

12  00 

1696 

100 

88  00 

44 

ii 

12  00 

1697 

“ 

100 

88  00 

44 

“ 

12  00 

Carried  for 

ward. 

$1,004,451  50 

$170,048  50 

No. 

1698 

1699 

1700 

1701 

1702 

1703 

1704 

1705 

1706 

1707 

1708 

1709 

1710 

1711 

1712 

1713 

1714 

1715 

1716 

1717 

1718 

1719 

1720 

1721 

1722 

1723 

1724 

1725 

1726 

1727 

1728 

1729 

1730 

1731 

1732 

1733 

1734 

1735 

1736 

1737 

1738 

1739 

1740 

1741 

1742 

1743 

1744 

1745 

1746 

1747 

1748 

1749 

1750 

1751 

1752 

1753 

1754 

1755 

1756 

1757 

1758 

1759 

1760 

1761 


TABLE  III.  — (Continued.) 


107 


Mortgage  Bonds  due  in  1861. 


Desig- 

nation. 

Proceeds. 

ward, 

$1,004,451  50 

^100 

88  00 

100 

88  00 

100 

88  00 

100 

88  00 

100 

88  00 

100 

88  00 

100 

85  00 

100 

85  00 

100 

85  00 

loo! 

85  00 

100; 

85  00 

lOOj 

85  75 

100 

85  00 

100 

86  05 

100 

86  05 

100 

86  05 

100 

86  05 

100 

86  05 

100 

86  05 

100 

86  05 

100 

86  05 

100 

86  05 

100 

86  05 

100 

86  50 

100 

86  50 

100 

86  50 

100 

86  50 

100 

86  50 

100 

86  50 

100 

86  50 

100 

86  50 

100 

86  50 

100 

85  75 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

1 85  00 

100 

j 85  00 

100 

85  00 

100 

85  00 

100 

1 85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

ward, 

$1,009,935  75 

Mode 

of 

Paym’t. 

By  whom 

Negociated.  j 

Amount 

of 

Discount. 

$170,048  50 

Cash, 

B.  Brown,  Jr 

’ 12  00 

“ 

12  00 

“ 

44 

12  00 

“ 

44 

12  00 

44 

44 

12  00 

44 

44 

12  00 

44 

W.  C.  Hickock, 

15  00 

44 

“ 

15  00 

“ 

“ 

15  00 

“ 

15  00 

44 

15  00 

44 

John  Ayres, 

14  25 

44 

G.  B.  Pierce, 

15  00 

“ 

William  Thomas,  .... 

13  95 

13  95 

“ 

“ 

13  95 

“ 

44 

13  95 

44 

44 

13  95 

“ 

44 

13  95 

44 

13  95 

44 

13  95 

44 

44 

13  95 

44 

44 

13  95 

G.  R.  Sampson, 

13  50 

44 

44 

13  50 

U 

44 

13  50 

i4 

13  50 

u 

13  50 

44 

44 

13  50 

44 

44 

13  50 

44 

44 

13  50 

44 

44 

13  50 

44 

H.  Burton,  

14  25 

44 

“ 

14  25 

44 

G.  B.  Pierce,  

15  00 

44 

15  00 

44 

44 

15  00 

44 

44 

15  00 

44 

I.  Lombard,  

15  00 

44 

44 

15  00 

44 

it 

15  00 

44 

44 

15  00 

44 

15  00 

44 

15  00 

44 

15  00 

44 

44 

15  00 

44 

44 

15  00 

44 

44 

15  00 

44 

44 

15  00 

44 

44 

15  00 

44 

44 

16  00 

44 

44 

15  00 

44 

44 

16  00 

44 

44 

15  00 

44 

44 

15  00 

44 

44 

15  00 

44 

44 

15  00 

44 

44 

16  00 

44 

44 

16  00 

44 

44 

16  00 

44 

44 

16  00 

44 

44 

15  00 

44 

44 

15  00 

44 

44 

15  00 

: $170,964  25 

108 

No. 

1762 

1763 

1764 

1765 

1766 

1767 

1768 

1769 

1770 

1771 

1772 

1773 

1774 

1775 

1776 

1777 

1778 

1779 

1780 

1781 

1782! 

1783! 

1784! 

1785 

1786 

1787 

1788 

1789 

1790 

1791 

1792 

1793 

1794 

1795 

1796 

1797 

1798 

1799 

1800 

1801 

1802 

1803| 

1804 

1805 

1806 

1807 

1808 

1809 

1810 

1811 

1812 

1813 

1814 

1815 

1816 

1817 

1818 

1819 

1820 

1821 

1822 

1823 

1824 

1825 


TABLE  III.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

$170,964  25 
15  00 

Cilsh, 

I.  Lombai'd, 

“ 

Edward  Stone, 

14  25 

“ 

ii 

14  25 

“ 

Charles  Clapp, 

14  25 

“ 

14  25 

“ 

A.  Kendrick,  

14  25 

“ 

S.  Shaw, 

13  95 

“ 

13  95 

“ 

“ 

13  95 

u 

“ 

13  95 

u 

u 

13  95 

“ 

“ 

13  95 

“ 

u 

13  95 

“ 

13  95 

“ 

J.  McCullough,  

14  25 

“ 

'Gilbert  & Sons, 

15  00 

“ 

“ 

15  00 

“ 

u 

15  00 

“ 

“ 

15  00 

“ 

“ 

15  00 

“ 

“ 

15  00 

a 

“ 

15  00 

u 

“ 

15  00 

“ 

15  00 

“ 

15  00 

u 

“ 

15  00 

“ 

“ 

15  00 

“ 

15  00 

“ 

“ 

15  00 

“ 

li 

15  00 

“ 

B.  Salisbury,  

14  25 

a 

14  25 

u 

E.  Weston, 

14  25 

“ 

Susan  Davis, 

13  50 

, 1 

J.  Quincy,  Jr 

14  87i 

“ 1 

14  87i 

u 

“ 

14  87^ 

(( 

14  87^ 

1 u 

u 

14  87i 

“ 

14  87^ 

il 

“ 

14  87^ 

1 “ 

“ 

14  87^ 

! “ 

It 

14  87^ 

i !! 

“ 

14  87^ 

14  87i 

u 

14  87i 

14  87^ 

u 

“ 

14  87^ 

“ 

14  87^ 

“ 

14  87^ 

u 

u 

14  87^ 

a 

“ 

14  S7j 

“ 

14  87^ 

u 

li 

14  87^ 

u 

14  871 

“ 

14  87^ 

u 

“ 

14  87^ 

it 

14  87i 

u 

“ 

14  87^ 

14  87i 

“ 

14  87i 

14  87i 

it 

<( 

14  87i 

n 

u 

14  87i 

$171,903  94 

Brought  for 

ward. 

$1,009,935 

75 

Sold, 

$100 

85 

00 

H 

100 

85 

75 

u 

100 

85 

75 

ii 

100 

85 

75 

100 

85 

75 

u 

100 

85 

75 

(( 

100 

86 

05 

“ 

100 

86 

05 

“ 

100 

86 

05 

“ 

100 

86 

05 

n 

100 

86 

05 

“ 

100 

86 

05 

100 

86 

05 

100 

86 

05 

“ 

100 

85 

75 

“ 

100 

85 

00 

n 

100 

85 

00 

“ 

100 

85 

00 

a 

100 

85 

00 

100 

85 

00 

“ 

100 

85 

00 

“ 

100 

85 

00 

100 

85 

00 

“ 

100 

85 

00 

100 

85 

00 

it 

100 

85 

00 

100 

85 

00 

100 

85 

00 

u 

100 

85 

00 

u 

100 

85 

00 

a 

100 

85 

75 

100 

85 

75 

100 

85 

75 

a 

100 

86 

50 

u 

100 

85 

121 

i4 

100 

85 

121 

(( 

100 

85 

ii 

100 

85 

I2i 

ii 

100 

85 

12| 

100 

85 

121 ! 

100 

85 

I2i 

100 

85 

12i| 

100 

85 

I2i| 

100 

85 

I2i| 

U 

100 

85 

12^ 

100 

85 

I2i 

(( 

100 

85 

I2i 

ii 

100 

85 

121 

(i 

100 

85 

121 

ii 

100 

85 

121 

ii 

100 

85 

I2i 

100 

85 

I2i 

ii 

100 

85 

12^ 

100 

85 

121 

100 

85 

I2i 

ii 

100 

85 

I2i 

ii 

100 

85 

12^ 

ii 

100 

85 

12^ 

ii 

100 

85 

12^ 

ii 

100 

85 

12-^ 

ii 

100 

85 

121 

ii 

100 

85 

121 

it 

100 

85 

12^ 

ii 

100 

85 

12i 

;$1,015,396  24 


No. 

182' 

182‘ 

182 

182 

183 

183 

183 

183 

183 

183 

183 

183 

183 

183 

184 

184 

184 

184 

184 

184 

184 

184 

184 

184 

185 

185 

185 

185 

185 

185 

185 

185 

185 

185 

I8e 

186 

186 

186 

186 

186 

186 

186 

186 

186 

18^ 

18^ 

18^ 

18\ 

18^ 

18: 

18' 

18’ 

18’ 

18’ 

18i 

18i 

18 


TABLE  III.  — (Continued.) 


109 


Mortgage  Bonds  due  in  1861. 


Desig- 

lation. 


Proceeds. 


Mode 

of 

Paym’t. 


i^ard,  : 
$100 

$1,015,396  24  , 

85  12-1  ( 

100 

85  12^ 

100 

85  12-L 

100 

85  12i 

100 

85  12-1- 

100 

85  12i 

100 

85  12^ 

100 

85  12  i 

100 

85  12i 

100 

85  12-1 

100 

85  12i 

100 

85  12-1 

100 

85  12L 
85  121- 

100 

100 

85  12i! 

100 

85  12-ii 

100 

85  12-i| 

100 

85  12-L 

100 

85  12.p 

100 

85  121 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

DO  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

'90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

90  00 

100 

86  50 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

100 

85  00 

1 100 

85  00 

100 

85  00 

100 

85  00 

100 

1 85  75 

100 

, 85  75 

100 

1 85  75 

lOO 

1 85  75 

100 

1 85  75 

100 

1 85  75 

100 

1 85  00 

IOC 

( 85  00 

IOC 

, 85  00 

IOC 

( 85  00 

ward. 

$1,020,964  65 

Cash, 


J. 


By  whom 
Negotiated. 


Quincy, 


Jr. 


Susan  Davis, 
I.  Lombard, 


John  Ayres, 

F.  E.  Sampson, 
W.  II.  Ordwtiv, 

U 

John  Paine,  . . . 


Amount 

of 

Discount. 

$171,903 

94 

14 

87^ 

14 

87i 

14 

87i 

14 

87i 

14 

87i 

14 

87^ 

14 

87^ 

14 

87^ 

14 

87^1 

14 

87i| 

14 

87L 

14 

87i; 

14 

8711 

14 

87ij 

14 

87il 

14 

87^' 

14 

87^- 

14 

14 

87i| 

14 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

10 

00 

13 

50 

15 

00 

15 

00 

15 

00 

15 

00 

15 

00 

15 

00 

15 

00 

15 

00 

15 

00 

14 

25 

14 

25 

H 

25 

14 

26 

14 

25 

14 

26 

13 

00 

15 

00 

16 

00 

15 

00 

. $172,735 

36 

No.  j 

ISDoi 

lS9li 

1892! 

1S93| 

1894| 

1895 

18961 

18971 

18981 

1899 

1900] 

1901^ 

19021 

19031 

I904I 

1905 

1906 

1907 

1908 

1909 

19101 

1911! 

1912j 

1913; 

1914 

1915 

1916 

1917 

1918 

1919 

1920 

1921 

1922 

1923 

1924 

1925 

1926 

1927 

1928 

1929 

1930 

1931 

19321 

1933 

1934 

1935 

1936 

1937 

1938 

1939 

1940 

1941 

1942, 

1943 

1944 

1945 

1946 

1947 1 

19481 

1949! 

1950j 

195l' 

1952i 

1953 


TABLE  m.— (Continued.) 


Mortgage  Bonds  due  in  1861. 


Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

j By  whom  | 

Negociated.  | 

Amount 

of 

Discount. 

ward,  S 

1,020,964  65 

1 

$1  i‘2ft  35  35 
15  00 

sio'o 

' 85  00 

Cash, 

John  Paine,  

100 

85  00 

“ 

I.  Lombard, 

15  00 

100 

85  00 

11 

15  00 

100 

85  00 

(( 

! “ 

15  00 

100 

85  00 

! u 

15  00 

100 

85  00 

u 

1 

15  00 

100' 

85  00 

J.  A.  Underwood,  .... 

15  00 

ICO 

85  00 

u 

“ 

15  00 

100 

85  00 

u 

: “ 

15  00 

100. 

85  00 

i 

15  00 

100! 

85  00 

15  00 

lOOj 

86  25 

Willis  A Co 

13  75 

100 

86  25 

13  75 

1001 

85  00 

J.  C.  Douglass,  

15  00 

100 

85  00 

i 

15  00 

looi 

85  00 

u 

15  00 

100 

85  00 

l ’ 

1 * 

15  00 

100: 

85  00 

u 

! it 

15  00 

lOOl 

85  75 

William  Steele, 

14  25 

100! 

85  75 

u 

14  25 

100: 

85  75 

1 ;; 

14  25 

100 

85  75 

14  25  1 

100 

85  75 

a 

'j.  P.  Nelson,  

14  25 

lool 

85  75 

14  25 

lOOi 

86  75 

u 

J.  C.  Dunn 

i “ 

13  25 

100, 

86  75 

;; 

13  25 

lOOj 

86  75 

13  25 

100' 

86  75 

u 

! “ 

; 13  25  1 

lOOi 

86  75 

13  25  i 

looi 

85  75 

i 

Phin.  Pierce, 

14  25 

looj 

85  75 

u 

E.  P.  Walton,  Jr 

14  25 

lOOj 

85  00 

^ Li 

J.  P.  Putnam, 

15  00 

1001 

85  00 

Li 

i 

15  00 

100' 

85  00 

LL 

1 ti 

i 15  00 

100 

85  00 

Li 

1 li 

1 

15  00 

100! 

85  00 

LL 

1 “ 

15  00 

lool 

85  75 

Li 

S.  Morris,  

14  25 

100' 

85  75 

u 

14  25 

ioo{ 

85  75 

LL 

0.  Goodrich, 

14  25 

100| 

85  75 

LL 

B.  GilbeiT, 

14  25 

100: 

85  75 

Horace  M'are, 

14  25 

100. 

85  75  ' 

i LL 

Joel  Mann, 

14  25 

100! 

85  75 

1 “ ! 

14  25 

looi 

85  75 

a 

Fitz william  Griffin,  . . . 

1 

14  25 

100' 

85  75  1 

i “ i 

14  25 

100! 

85  00  ! 

LL 

P.  C.  Turner, 

15  00 

100; 

85  00  ; 

1 LL 

15  00 

100 

85  00  1 

i 

1 

LL 

15  00 

100; 

85  00 

1 / « 

LL 

15  00 

100' 

85  00  j 

LL 

1 15  00 

100! 

85  00  1 

1 

LL 

1 

j 15  00 

100: 

85  00  1 

1 

1 

i 15  00 

100 

85  00  j 

“ 

1 

15  00 

lOOj 

S5  00 

“ 

15  00 

100 

85  00 

a 

LL 

15  00 

100: 

85  75 

LL 

E.  Hackett, 

14  25 

100' 

85  75 

a I 

I William  Putnam,  .... 

14  25 

loo; 

85  00 

LL 

William  McLam, 

15  00 

100! 

85  00 

LL 

Li 

15  00 

lOOi 

85  00 

15  00 

100: 

85  00 

LL 

15  00 

100' 

85  00 

! “ 

Li 

15  00 

looi 

85  00 

1 

LL 

15  00 

lOOj 

85  00 

1 LL 

1 

15  00 

ward,  *S 

1,026,430  15  i 

S173.669  85 

No. 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1968 

1969 

1970 

1971 

1972 

1973 

1974 

1 


TABLE  III.  — (Continued.) 


Ill 


Carried 


Mortgage  Bonds  due  in  1861. 


Amount 

of 

Discount.  I 

Mode 

of 

^aym’t. 

By  whom 

Negociated. 

$1,026,430  15  . 

1 

' 85  75  ( 

]!ash,  J 

i.  S.  Woods,  

85  75 

‘‘ 

86  05 

u c 

5.  Shaw, 

86  05 

44 

86  05 

86  05 

44 

86  05 

(4 

44 

86  05 

44 

44 

86  05 

44 

44 

86  05 

44 

86  05 

44 

44 

86  05 

44 

85  75 

44 

G.  & W.  P.  Frost, .... 

86  05 

44 

William  Parsons,  

86  05 

u 

86  05 

44 

a 

86  05 

86  05 

“ 

86  05 

44 

86  05 

44 

85  75 

44 

,J.  P>.  Morse,  

85  75 

44  1 

S.  Brown,  

85  75 

S.  Bass,  .Jr 

3 85  75 

44 

3|  86  75 

44 

J.  C.  Dnnn,  

J 86  75 

44 

3 86  75 

a 

0 86  75 

44 

“ 

0 86  75 

u 

0 85  75 

44 

H.  Bingham, 

0 85  00 

C.  M.  Dyer, 

0 85  00 

0 85  75 

S.  Sinclair,  

0 85  75 

44 

“ 

0 85  75 

J.  A.  Page, 

0 85  75 

Susan  Sproule, 

0 85  75 

0 85  75 

44 

44 

0 85  75 

44 

iO  85  75 

4t. 

lO  85  75 

44 

Benjamin  .[ones, 

lO  85  75 

44 

44 

lO  85  00 

W.  H.  Gregerson,  .... 

fO  85  00 

44 

J.  Boardman, 

)0  255  00 

44 

G.  B.  Peirce, 

)0  255  00 

44 

“ 1 

)0  255  00 

“ 1 

)0  255  00 

44 

1 “ 

)0  255  00 

44 

I.  Loinhard, 

)0  255  00 

44 

)0  255  00 

“ 

30  255  00 

“ 

30  255  00 

“ 

30  255  00 

44 

“ 

30  255  00 

“ 

30  255  00 

44 

‘‘ 

30  255  00 

44 

u 

00  255  00 

44 

00  255  00 

44 

“ 

00  255  00 

“ 

00  255  00 

44 

“ 

00  255  00 

44 

00  255  00 

.1  <IM  AOK.  9^ 

44 

Desig- 

nation. 


ward, 

$100 

100 

100 

100 


Amount 

of 

Discount. 


14  25 
14  25 
13  95 
13  95 
13  95 
13  95 
13  95 
13  95 
13  95 
13  95 
13  95 

13  95 

14  25 
13  95 
13  95 
13  95 
13  95  i 
13  95 
13  95 

13  95 

14  25 
14  25 
14  25 
14  25 
13  25 
13  25 
13  25 
13  25 

13  25 

14  25 

15  00 
15  00 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25 
14  25  i 

14  25  1 

15  00  I 
15  00  I 


45  00  . 
45  00  i 
45  00  I 
45  00  I 
45  00  j 
45  00  j 
45  00  I 
45  00  , 
45  00  I 
45  00  ! 
45  00  ! 
45  00  1 
45  00 
45  00 
45  00 
45  00 
45  00 
45  GO 
45  00 


$175,144  75 


112 


TABLE  III.  — (CoNxmuED.) 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation 

Proceeds. 

Mode 

of 

Paym’t 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

^175  144  75 

201’J 

Sold,  ?.  . . . 

$30( 

) ’ 255  00 

Cash, 

I.  Lombard,  

’ 45  00 

20ie 

‘‘ 

’ 30( 

255  00 

45  00 

201£ 

30( 

255  00 

“ 

“ 

45  00 

202C 

“ 

! 30( 

255  00 

11 

11 

45  00 

2021 

: 30C 

255  00 

“ 

“ 

45  00 

2022 

1 30C 

255  00 

It 

11 

45  00 

2023 

; 30C 

258  15 

It 

S.  Shaw, 

41  85 

2024 

(( 

: 30C 

258  15 

11 

11 

41  85 

2025 

30C 

258  15 

11 

“ 

41  85 

2026 

! 300 

258  15 

“ 

“ 

41  85 

2027 

(( 

1 300 

257  25 

11 

J.  McCollough, 

42  75 

2028 

(C 

1 300 

255  00 

“ 

Gilbert  & Sons, 

45  00 

2029 

u 

i 300 

255  00 

11 

11 

45  00 

2030 

“ 

' 300 

255  00 

“ 

“ 

45  00 

2031 

u 

' 300 

255  00 

“ 

“ 

45  00 

2032 

“ 

: 300 

255  00 

“ 

11 

45  00 

2033 

“ 

i 300 

257  25 

11 

jE.  Weston, 

42  75 

2034 

u 

i 300 

255  00 

11 

il.  Lombard, 

45  00 

2035 

300 

255  00 

“ 

“ 

45  00 

2036 

“ 

' 300 

255  00 

It 

11 

45  00 

2037 

’ 300 

255  00 

11 

“ 

45  00 

2038 

“ 

300 

255  00 

“ 

11 

45  00 

2039 

“ 

300 

255  00 

“ 

45  00 

2040 

u 

300 

255  00 

“ 

“ 

45  00 

2041 

“ 

300 

255  00 

11 

“ 

45  00 

2042 

“ 

300 

255  00 

11 

“ 

45  00 

2043 

u 

300 

255  00 

“ 

11 

45  00 

2044 

41 

300 

255  00 

“ 

“ 

45  00 

2045 

“ 

300 

255  00 

11 

“ 

45  00 

2046 

“ 

300 

255  00 

11 

“ 

45  00 

2047 

It 

300 

255  00 

“ 

“ 

45  00 

2048 

“ 

300 

255  00 

“ 

11 

45  00 

2049 

It 

300 

255  00 

11 

“ 

45  00 

2050 

It 

300 

255  00 

11 

11 

45  00 

2051 

“ 

300 

255  00 

“ 

“ 

45  00 

2052 

It 

300 

257  25 

11 

John  Avers, 

42  75 

2053 

1( 

300 

257  25 

“ 

42  75 

2054 

“ 

300 

257  25 

11 

“ 

42  75 

2055 

“ 

300 

257  25 

“ 

“ 

42  75 

2056 

(1 

300 

257  25 

“ 

Amasa  Pride, 

42  75 

2057 

(1 

300 

257  25 

“ 

42  75 

2058 

“ 

300 

257  25 

“ 

E.  Weston, 

42  75 

2059 

(1 

300 

257  25 

“ 

42  75 

2060 

u 

300 

257  25 

1 

F.  Leonard, 1 

42  75 

2061 

“ 

300 

255  00 

“ 1 

C.  0.  Whitmore, 

45  00 

2062 

300 

255  00 

“ 

45  00 

2063 

11 

300 

255  00 

(( 

45  00 

2064 

“ 

300 

255  00 

“ 

(( 

45  00 

2065 

“ 

300 

255  00 

“ 

45  00 

2066 

(1 

300 

255  00 

“ 

(4 

45  00 

2067 

“ 

300 

255  00 

“ 

44 

^45  00 

2068 

“ 

300 

255  00 

“ 

45  00 

2069 

“ 

300 

255  00 

11 

45  00 

2070 

“ 

300 

255  00 

11 

4b 

45  00 

2071 

“ 

300 

255  00 

“ 

44 

45  00 

2072 

“ 

300 

255  00 

“ 

44 

45  00 

2073 

“ 

300 

255  00 

“ 

44 

45  00 

2074 

It 

300 

255  00 

“ 

44 

45  00 

2075 

11 

300 

255  00 

“ 

44 

45  00 

2076 

“ 

300 

255  00 

“ 

44 

45  00 

2077 

“ 

300 

255  00 

44 

45  00 

2078 

“ 

300 

255  00 

“ 

44 

45  00 

2079 

It 

300 

255  00 

“ 

44 

45  00 

2080 

“ 

300 

255  00 

11 

44 

45  00 

Gamed  for  ■' 

(V'ard,  3 

51,051,412  60  , 

$177,987  40 

Remarks. 


No. 

2081 

2082 

2083 

2084 

2085 

2086 

2087 

2088 

2089 

2090 

2091 

2092 

2093 

2094 

2095 

2096 

2097 

2098 

2099 

2100 

2101 

2102 

2103 

2104 

2105 

2106 

2107 

2108 

2109 

2110 

2111 

2112 

2113 

2114 

2115 

2116 

2117 

2118 

2119 

9.1 9(1 


TABLE  III.  — (Continued.) 


113 


Mortgage  Bonds  due  in  1861. 


Proceeds. 


Mode 

of 

Paym’t. 


By  whom 
Negociated. 


Amount 

of 

Discount. 


;i, 051, 412  60 
255  00 
255  00 
255  00 
255  00 
255  00 
257  25 
257  25 
255  00 
255  00 
255  00 
255  00 
255  00 
257  25 
257  25 
257  25 
257  25 
257  25 
257  25 
257  25 
257  25 
257  25 
260  25 
260  25 
260  25 
260  25 
260  25 
255  00 
255  00 
255  00 
255  00 
255  00 
255  00 
257  25 
257  25 
257  25 
257  25 
257  25 
257  25 
257  25 
257  25 

257  25 
255  00 

258  15 
255  00 
255  00 
255  00 
255  00 

( 255  00 

255  00 
255  00 
255  00 
255  00 
255  00 
257  25 
260  25 
260  25 
260  25 
260  25 
260  25 
255  00 
257  25 
257  25 
257  25 
255  00 

$1,067,842  20 


Cash, , 
u 
it 


John  Paine,. 


S.  Peabody,  . . . 

L.  Benson, 

J.  C.  Douglass, 


H.  Carpenter,  . . 
u 

William  Steele,, 
(( 

C.  Brackett,  . . . 


J.  Spear,  Jr. 
J.  P.  Nelson, 
J.  C.  Dunn, . 


J.  P.  Putnam, 


A.  Spalding,  . 
0.  Goodrich,  . 
Horace  Ware, 

B.  Marcy, 


Eb.  Hackett,  . 
Eph.  Hackett, 


William  Putnam, . . . 
William  McLain,  . . . 
William  Parsons,  . . . 
J.  E.  Thayer  & Bro. 


J.  B.  Morss, 
J.  C.  Dunn, . 


C.  M.  Dyer,  . 
Joseph  l^Iorris, 


Susan  Sproule, . . 
W.  H.  Gregerson, 


$177,987  40 
45  00 
45  00 
45  00 
45  00 
45  00 
42  75 
42  75 
45  00 
45  00 
45  00 
45  00 
45  00 
42  75 
42  75 
42  75 
42  75 
42  75 
42  75 
42  75 
42  75 
42  75 
39  75 
39  57 
39  57 
39  75 
39  75 
45  00 
45  00 
45  00 
45  00 
45  00 
45  00 
42  75 
42  75 
42  75 
42  75 
42  75 
42  75 
42  75 
42  75 
42  75 
45  00 

41  85 
45  00 
45  00 
45  00 
45  00  I 
45  00  1 
45  00  I 
45  00  : 
45  00  ! 
45  00  I 
45  00  I 

42  75  j 
39  75 
89  75 
39  75 
89  75 
89  75 
45  00 
42  75 
42  75 
42  75 
45  00 

$180,767  75 


114 


TABLE  III. — (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

Brought  for 

ward, 

$1,067,842  20 

$180,757  75 

2145 

Sold, 

$300 

255  00 

Cash, 

W.  H.  Gregerson,  . . . . 

45  00 

2146 

300 

255  00 

a 

“ 

45  00 

2147 

U 

300 

255  00 

LL 

E.  E.  Davison, 

45  00 

2148 

Li 

300 

255  00 

LL 

J.  Cutter, 

45  00 

2149 

300 

255  00 

LL 

45  00 

2150 

“ 

300 

257  25 

LL 

Moses  Shaw, 

42  75 

2151 

LL 

300 

255  00 

LL 

J.  Boardman, 

45  00 

2152 

LL 

300 

260  25 

LL 

T.  H.  Leavitt, 

39  75 

2153 

LL 

300 

257  25 

LL 

I.  Foster, 

42  75 

2154 

LL 

300 

257  25 

0.  Cummins, 

42  75 

2155 

LL 

300 

260  25 

“ 

T.  H.  Leavitt, 

39  75 

2156 

11 

300 

257  25 

ii 

A.  Webster, 

42  75 

2157 

LL 

300 

257  25 

LL 

Mary  F.  Sanger, 

42  75 

2158 

300 

255  00 

Li 

J.  K.  Langdon, 

45  00 

2159 

300 

255  00 

LL 

LL 

45  00 

2160 

LL 

300 

255  00 

Li 

LL 

45  00 

2161 

LL 

300 

255  00 

LL 

LL 

45  00 

2162 

u 

300 

255  00 

LL 

LL 

45  00 

2163 

LL 

300 

260  25 

LL 

T.  H.  Leavitt, 

39  75 

2164 

LL 

300 

257  25 

LL 

G.  D.  B.  Blanchard,  . . 

42  75 

2165 

o 

300 

260  25 

LL 

J.  C.  Dunn, 

39  75 

2166 

“ 

300 

260  25 

LL 

39  75 

2167 

LL 

300 

260  25 

LL 

LL 

39  75 

2168 

LL 

300 

260  25 

“ 

LL 

39  75 

2169 

LL 

300 

276  75 

LL 

J.  Cleaves, 

23  25 

2170 

u 

300 

276  75 

LL 

23  25 

2171 

u 

300 

260  25 

LL 

Thomas  Day, 

39  75 

2172 

ti 

300 

260  25 

LL 

39  75 

2173 

300 

260  25 

LL 

J.  C.  Dunn, 

39  75 

2174 

“ 

300 

260  25 

LL 

Li 

39  75 

2175 

• 

300 

260  25 

LL 

ii 

39  75 

2176 

“ 

300 

260  25 

LL 

LL 

39  75 

2177 

“ 

300 

260  25 

LL 

LL 

39  75 

2178 

“ 

300 

257  25 

LL 

Wm.  Parsons, 

42  75 

2179 

300 

257  25 

LL 

Ezra  Alden, 

42  75 

2180 

u 

300 

257  25 

LL 

A.  B.  Hutchinson, .... 

42  75 

2181 

“ 

300 

257  25 

LL 

42  75 

2182 

“ 

300 

255  00 

Li 

G.  Loveland, 

45  00 

2183 

u 

300 

257  25 

LL 

J.  N.  Willard, 

42  75 

2184 

“ 

300 

257  25 

LL 

M.  N.  Lincoln, 

42  75 

21851 

“ 

300 

257  25 

LL 

Benj.  Hall, 

42  75 

2186i 

“ 

300 

257  25 

LL 

42  75 

2187 

“ 

300 

257  25 

LL 

Francis  Tukey, 

42  75 

2188' 

“ 

300 

260  25 

Li 

T.  H.  Leavitt, 

39  75 

2189! 

“ 

300 

260  25 

Li 

39  75 

2190: 

“ 

300 

257  25 

LL 

P.  Cannavan, 

42  75 

219l! 

u 

300 

260  25 

LL 

T.  H.  Leavitt, 

39  75 

2192' 

“ 

300 

276  00 

LL 

G.  Barton, 

24  00 

2193; 

n 

300 

257  25 

LL 

Edward  Cook, 

42  75 

2194 

ii 

300 

261  75 

LL 

Judith  Eaton, 

38  25 

2195 

a 

300 

261  75 

LL 

J.  P.  Eaton, 

38  25 

2196 

300 

270  00 

LL 

C.  H.  Finlay, 

30  00 

2197 

300 

270  00 

LL 

A.  Masters, 

30  00 

2198 

ii 

300 

257  25 

LL 

Kobert  Phipps, 

42  75 

2199 

“ 

300 

257  25 

LL 

J.  E.  Smith, 

42  75 

2200 

“ 

300 

257  25 

LL 

Giles  Waitt, 

42  75 

2201 

ii 

300 

257  25 

LL 

Jere.  Foster, 

42  75 

2202 

ti 

300 

257  25 

Li 

C.  & R.  Ainsworth, . . . 

42  75 

2203 

“ 

300 

257  25 

LL 

I.  Tucker, 

42  75 

2204 

li 

300 

257  25 

LL 

P.  Belknap  & Co 

42  75 

2205 

“ 

‘•’00 

257  25 

LL 

E.  Wheaton, 

42  75 

2206 

“ 

bGO 

257  25 

LL 

Ezra  Carter, 

42  75 

2207 

“ 

r.’V 

255  00 

LL 

F.  Skinner, 

45  00 

2208 

300 

257  25 

LL 

A.  Worcester, 

42  75 

Carried  for 

d, 

$1,084,420  25 

$183,379  75 

No. 

2209 

2210 

2211 

2212 

2213 

2214 

2215 

2216 

2217 

2218 

2219 

2220 

2221 

2222 

2223 

2224 

2225 

2226 

2227 

2228 

2229 

2230 

2231 

2232 

2233 

2234 

2235 

2236 

2237 

2238 

2239 

2240 

2241 

2242 

2243 

2244 

2245 

2246 

2247 

2248 

2249 

2250 

2251 

2252 

2253 

2254 

2255 

2256 

225^ 

2256 

2256 

226( 

2261 

2265 

2265 

226^ 

2265 

226( 

226: 


TABLE  III.  — (Continued.) 


115 


Mortgage  Bonds  due  in  1861. 


Desig- 

nation. 

Proceeds. 

ward,  : 

$1,084,420  25 

$300 

257  25 

300 

260  25 

300 

270  00 

300 

257  25 

300 

257  25 

300 

257  25 

300 

257  25 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  .00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

300 

255  00 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 


Carried  for 


ward, 


850  00 
* 850  00 

850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
857  50 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 


$1,116,589  25 


Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

$183,379  75 

Cash,  . 

A..  Worcester, 

42  75 

ii 

J.  C.  Dunn, 

39  75 

» ( 

0.  Cummins, 

30  00 

ii 

Washburn  & Marsh,  . . 

42  75 

U 

J.  Freeman, 

42  75 

u 

G.  Huntley, 

42  75 

U 

42  75 

u 

J.  E.  Thayer  & Bro.  . . 

45  00 

ii 

45  00 

ii 

u 

45  00 

(( 

ii 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

li 

ii 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

u 

ii 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

ii 

a 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

ii 

a 

45  00 

ii 

a 

45  00 

ii 

ii 

45  00 

ii 

a 

45  00 

ii 

a 

45  00 

ii 

ii 

45  00 

ii 

a 

45  00 

ii 

a 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

ii 

ii 

45  00 

ii 

J.  P.  Putnam, 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

(i 

150  00 

ii 

Reuben  Hunt, 

142  50 

ii 

ii 

J,  E.  Thayer  & Bro.  . . 

150  00 
150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

ii 

' 150  00 

ii 

ii 

150  00 

ii 

a 

150  00 

ii 

u 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

a 

it 

150  00 

ii 

ii 

150  00 

a 

u 

150  00 

ii 

150  00 

' $189,010  75 

116 


TABLE  III  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

1 Disposition. 

Desig- 

nation. 

Proceeds.  * 

Mode 

of 

Paym’t. 

B7  whom 

Negociated. 

Brought  for 

$1,116,589  25 

1 

2272 

Sold,V 

$1000 

850  00 

Cash, 

j.  E.  Thayer  & Bro.  . . 

2273 

“ 

1000 

850  00 

(( 

“ 

2274 

“ 

1000 

850  00 

44 

44 

2275 

“ 

1000 

850  00 

44 

44 

2276 

(4 

1000 

850  00 

44 

44 

2277 

44 

1000 

850  00 

44 

44 

2278 

44 

1000 

850  00 

44 

44 

2279 

44 

1000 

850  00 

44 

44 

2280 

44 

1000 

850  00 

44 

it 

2281 

44 

1000 

850  00 

44 

44 

2282 

44 

1000 

850  00 

44 

44 

2283 

44 

1000 

850  00 

44 

44 

2284 

44 

1000 

850  00 

44 

44 

2285 

44 

1000 

850  00 

44 

44 

2286 

44 

1000 

850  00 

44 

2287 

44 

1000 

850  00 

44 

44 

2288 

“ 

1000 

850  00 

44 

44 

2289 

“ 

1000 

850  00 

44 

44 

2290 

“ 

1000 

850  00 

U 

44 

2291 

44 

1000 

850  00 

44 

44 

2292 

44 

1000 

850  00 

44 

« 

2293 

u 

1000 

850  00 

44 

44 

2294 

44 

1000 

850  00 

44 

44 

2295 

44 

1000 

850  00 

44 

44 

2296 

44 

1000 

850  00 

44 

44 

2297 

44 

1000 

850  00 

44 

44 

2298 

44 

1000 

850  00 

44 

44 

2299 

44 

1000 

850  00 

44 

44 

2300 

44 

1000 

850  00 

44 

44 

23011 

44 

1000 

850  00 

44 

44 

2302^ 

44 

1000 

850  00 

44 

44 

2303’ 

44 

1000 

850  00 

44 

44 

2304' 

44 

1000 

850  00 

44 

44 

2305i 

1000 

850  00 

44 

44 

2306 

44 

1000 

850  00 

44 

44 

2307 

1000 

850  00 

44 

it 

2308 

1000 

850  00 

44 

44 

2309 

1000 

850  00 

44 

• 

2310 

44 

1000 

850  00 

44 

44 

2311 

1000 

850  00 

44 

44 

2312 

44 

1000 

850  00 

44 

44 

23131 

1000 

850  00 

44 

44 

2314 

1000 

850  00 

44 

44 

2315 

44 

1000 

850  00 

44 

it 

2316 

44 

1000 

850  00 

44 

44 

2317: 

(4  1 

1 

1000 

850  00 

44 

44 

2318! 

44  ! 

lOQO 

850  00 

44 

44 

2319’ 

44  ^ 

1000 

850  00 

44 

44 

2320^ 

44 

1000 

850  00 

44 

44 

2321’ 

44  ' 

1000 

850  00 

44 

44 

2322’ 

44 

1000 

850  00 

44 

44 

2323; 

44  ' 

1000 

850  00 

44 

44 

2324! 

44 

1000 

850  00 

44 

44 

2325' 

1000 

' 850  00 

44 

it 

2326 

1000 

859  00 

44 

44 

2327 

“ 1 

1000 

850  00 

44 

44 

2328i 

“ ' 

1000 

850  00 

44 

44 

2329' 

“ ; 

1000 

850  00 

44 

44 

2330 

44 

1000 

850  00 

44 

44 

2331i 

; 

1000 

850  00 

44 

44 

2332 

1000 

850  00 

44 

44 

2333 

Filed, 

1000 

850  00 

44 

44 

2334 

“ 

1000 

850  00 

44 

it 

2335 

Sold, 

1000 

850  00 

44 

44 

1 

Carried  for' 

ward. 

$1,170,989  25 

Amount 

of 


Remarki. 


Discount. 


$189,010 

75 

. 150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

50 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

160 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

150 

00 

$198,610  75 


TABLE  III.  — (CONTIN  UED.) 


117 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym't 

By  whom 

Negotiated. 

ward, 

$1,170,989  25 

2336 

Sold, 

$1000 

850  00 

Cash,  . 

J.  E.  Thayer  & 1 

44 

2337 

1000 

850  00 

44 

2338 

i( 

1000 

850  00 

2339 

U 

1000 

850  00 

44 

44 

2340 

u 

1000 

850  00 

44 

44 

2341 

1000 

850  00 

44 

44 

2342 

(( 

1000 

850  00 

44 

44 

2343 

u 

1000 

850  00 

44 

2344 

u 

1000 

850  00 

44 

44 

2345 

(( 

1000 

850  00 

44 

2346 

u 

1000 

850  00 

44 

44 

2347 

(( 

1000 

850  00 

44 

2348 

(( 

1000 

850  00 

44 

44 

2349 

u 

1000 

850  00 

44 

2350 

« 

1000 

850  00 

44 

44 

2351 

44 

1000 

850  00 

44 

2352 

44 

1000 

850  00 

44 

2353 

u 

1000 

850  00 

44 

44 

2354 

(( 

1000 

850  00 

44 

w.  C.  Hickock, 

2355 

44 

1000 

850  00 

44 

44 

2356 

44 

1000 

850  00 

44 

44 

2357 

u 

1000 

850  00 

44 

44 

2358 

(( 

1000 

850  00 

44 

2359 

44 

1000 

850  00 

44 

44 

2360 

44 

1000 

850  00 

44 

2361 

u 

1000 

850  00 

44 

44 

2362 

(( 

1000 

850  00 

44 

44 

2363 

(( 

1000 

850  00 

44 

44 

2364 

(( 

1000 

850  00 

44 

Whaling  Bank,. 

2365 

(( 

1000 

850  00 

44 

44 

2366 

u 

1000 

850  00 

44 

J.  Lawrence, . . . 

2367 

(( 

1000 

850  00 

44 

“ 

2368 

u 

1000 

850  00 

44 

2369 

u 

1000 

850  00 

44 

2370 

u 

1000 

850  00 

44 

“ 

2371 

il 

1000 

850  00 

44 

J.  E.  Thayer  & 

2372 

ll 

1000 

850  00 

44 

2373 

n 

1000 

850  00 

44 

u 

2374 

a 

1000 

850  00 

44 

“ 

2375 

u 

1000 

850  00 

i4 

“ 

2376 

u 

1000 

850  00 

44 

“ 

2377 

(( 

1000 

850  00 

44 

“ 

2378 

(( 

1000 

850  00 

44 

2379 

(( 

1000 

850  00 

44 

“ 

2380 

il 

1000 

850  00 

44 

“ 

2381 

il 

1000 

850  00 

44 

2382 

ll 

1000 

850  00 

44 

“ 

2383 

ll 

1000 

850  00 

44 

2384 

il 

1000 

850  00 

44 

2385 

ll 

1000 

850  00 

44 

2386 

ll 

1000 

850  00 

44 

2387 

ll 

1000 

850  00 

44 

2388 

1 » 

1000 

850  00 

44 

2389 

1 » 

1000 

850  00 

44 

2390 

1 “ 

1000 

I 850  00 

44 

2391 

ll 

1000 

1 850  00 

2392 

'i  ‘‘ 

1000 

1 850  00 

44 

2393 

! “ 

1000 

1 850  00 

44 

2394 

ll 

1000 

1 850  00 

44 

2395 

i “ 

1000 

1 850  00 

44 

2396 

; » 

lOOC 

1 850  00 

44 

2397 

' ll 

lOOC 

1 850  00 

2396 

! “ 

lOOC 

t 850  00 

44 

T.  Galusha, . . . 

2396 

) » 

1 Carried  foi 

lOOC 

1 850  00 

oofi  QftO 

44 

flward. 

Amount 

of 

Discount. 


$198,610  75 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 
150  00 

$208,210  75 


Kemarks. 


118 


TABLE  m.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

A mount 
of 

Discount 

Bemarks. 

Brought  for 

ward, 

$1,225,389  25 

$208,210  75 

2400 

Sold 

Sioo'o 

' 860  00 

Cash, 

W.  Clark, 

140  00 

2401 

u 

1000 

867  50 

J.  C.  Dunn, 

132  50 

2402 

u 

1000 

867  50 

LL 

132  50 

2403 

u 

1000 

867  50 

LL 

Li 

132  50 

2404 

(( 

1000 

867  50 

LL 

Li 

132  50 

2405 

u 

1000 

850  00 

LL 

J.  Cutter, 

150  00 

2406 

“ 

1000 

850  00 

LL 

“ 

150  00 

2407 

u 

1000 

850  00 

LL 

» 

150  00 

2408 

1000 

850  00 

LL 

u 

150  00 

2409 

u 

1000 

867  50 

LL 

J.  C.  Dunn,  

132  50 

2410 

“ 

1000 

867  50 

“ 

“ 

132  50 

2411 

u 

1000 

850  00 

“ 

J.  E.  Thaver  & Bro.  . . 

150  00 

2412 

1000 

850  00 

LL 

““ 

150  00 

2413 

u 

1000 

850  00 

LL 

(( 

150  00 

2414 

“ 

1000 

850  00 

LL 

LL 

150  00 

2415 

Li 

1000 

850  00 

LL 

Li 

150  00 

2416 

u 

1000 

850  00 

LL 

LL 

150  00 

2417 

1000 

850  00 

LL 

Li 

150  00 

2418 

(( 

1000 

850  00 

LL 

LL 

150  00 

2419 

LL 

1000 

850  00 

LL 

LL 

150  00 

2420 

(( 

1000 

850  00 

LL 

LL 

150  00 

2421 

u 

1000 

850  00 

LL 

150  00 

2422 

LL 

1000 

850  00 

LL 

150  00 

2423 

LL 

1000 

850  00 

“ 

150  00 

2424 

U 

1000 

850  00 

“ 

150  00 

2425 

1000 

850  00 

LL 

150  00 

2426! 

1 ‘u 

1000 

850  00 

LL 

U 

150  00 

2427 

1000 

850  00 

LL 

((  1 

150  00 

2428 

1000 

850  00 

LL 

(i 

150  00 

2429! 

U 

1000 

850  00 

LL 

(( 

150  00 

2430 

u 

1000 

. 850  00 

LL 

Li 

150  00 

24311 

u 

1000 

850  00 

LL 

L.  Skinner, 

150  00 

2432 

u 

1000 

850  00 

(C 

(( 

150  00 

2433. 

LL 

1000 

850  00 

U 

LL 

150  00 

2434 

LL 

1000 

850  00 

LL 

LL 

150  00 

2435| 

LL 

1000 

850  00 

LL 

Li 

150  00 

2436 

LL 

1000 

860  50 

LL 

S.  Shaw, 

139  50 

2437 

LL 

1000 

860  50 

LL 

LL 

139  50 

2438 

LL 

1000 

860  50 

LL 

LL 

139  50 

2439 

LL 

1000 

860  50 

LL 

LL 

139  50 

2440 

LL 

1000 

867  50 

J.  0.  Dunn,  

1.32  50 

2441' 

LL 

1000 

875  00 

LL 

“ 

125  00 

2442 

LL 

1000 

875  00 

LL 

u 

125  00 

2443 

LL 

1000 

850  00 

(( 

150  00 

2444' 

LL 

1000 

850  00 

LL 

(( 

150  00 

2445| 

1000 

850  00 

LL 

150  00 

2446 

LL 

1000 

850  00 

LL 

150  00 

2447 

LL 

1000 

850  00 

LL 

» 

150  00 

2448 

LL 

1000 

850  00 

LL 

W.  H.  Gregerson,  .... 

150  00 

2449 

LL 

1000 

860  50 

LL 

William  Thomas, 

139  50 

2450 

LL 

1000 

860  50 

LL 

139  50 

245l' 

LL 

1000 

867  50 

Li 

T.  H.  Leavitt, 

132  50 

2452' 

1 

1000 

867  50 

LL 

132  50 

2453; 

1000 

857  50 

LL 

J.  S.  Moore,  

142  50 

24541 

lL 

1000 

857  50 

LL 

“ 

142  50 

2455  j 

LL 

1000 

867  50 

LL 

T.  H.  Leavitt, 

132  50 

2456, 

LL 

1000 

867  50 

LL 

132  50 

2457' 

LL 

1000 

867  50 

LL 

LL 

132  50 

2458, 

LL 

1000 

867  50 

LL 

LL 

132  50 

2459 

LL 

1000 

857  50 

LL 

L.  Thaxter, 

142  50 

2460 

LL 

1000 

850  00 

LL 

J.  Cutter, 

150  00 

2461 

LL 

1000 

850  00 

LL 

U 

150  00 

2462 

1000 

850  00 

LL 

« 

150  00 

2463 

LL 

1000 

850  00 

LL 

150  00 

Carried  for! 

ward, 

$1,280,162  25 

$216,437  75 

No. 

2464 

2465 

2466 

2467 

2468 

2469 

2470 

2471 

2472 

2473 

2474 

2475 

2476 

2477 

2478 

2479 

2480 

2481 

2482 

2483 

2484 

2485 

2486 

2487 

2488 

2489 

2490 

2491 

2492 

2493 

2494 

2495 

2496 

2497 

249S 

2m 

250( 

250] 

2505 

2505 

250^ 

2505 

250( 

250^ 

2501 

250! 

251! 

0:^1 


TABLE  III.  — (Continued.) 


119 


Mortgage  Bonds  due  in  1861. 


1,280,162  25 
857  50 
850  00 
850  00 
850  00 
1000  00 
860  50 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
857  50 
857  50 
850  00 
850  00 
850  00 


$1,334,760  25 


Mode 

By  whom 

Amount 

of 

of 

Paym’t. 

Negociated. 

Discount. 

$216,437  75 

142  50 

Cash,  ] 

L.  Thaxter, 

U 

I.  C.  Dnnn,  

150  00 

ii 

n 

150  00 

a 

“ 

150  00 

a 

T.  P.  Skinner,  

(( 

William  Thomas, 

J.  E,  Thayer  & Bro.  . . 

139  50 

150  00 

150  00 

Li 

ii 

150  00 

Li 

ii 

150  00 

Li 

LL 

150  00 

ii 

150  00 

Li 

U 

150  00 

Li 

LL 

150  00 

LL 

u 

150  00 

ii 

LL 

150  00 

Li 

ii 

150  00 

Li 

Li 

150  00 

ii 

ii 

150  00 

LL 

ii 

150  00 

Li 

Li 

150  00 

LL 

ii 

150  00 

Li 

ii 

150  00 

ii 

ii 

150  00 

Li 

ii 

150  00 

ii 

ii 

150  00 

Li 

ii 

150  00 

ii 

ii 

150  00 

ii 

Li 

150  00 

ii 

ii 

150  00 

ii 

ii 

150  00 

ii 

Li 

150  00 

ii 

Mrs.  L.  B.  Peck, 

150  00 

ii 

George  Francis, 

150  00 

ii 

Samuel  Sias, 

142  50 

ii 

142  50 

ii 

Henshaw  & Sons, 

150  00 

ii 

ii 

150  00 

ii 

Li 

150  00 

Li 

150  00 

, “ 

ii 

150  00 

ii 

150  00 

1 “ 

ii 

150  00 
150  00 

1 “ 

Li 

150  00 

“ 

ii 

150  00 

1 “ 

John  Pratt,  

142  50 

) ‘‘ 

Whaling  

150  00 

) “ 

150  00 
150  00 

t 

) “ 

a 

150  00 

\ “ 

Li 

150  00 

) “ 

ii 

150  00 

) “ 

ii 

1.50  00 

1 “ 

a 

150  00 

} 

ii 

150  00 

j 

) “ 

a 

150  00 

“ 

it 

1.50  00 

j 

^ u 

ii 

150  00 

1 “ 

ii 

150  00 

J 

1 u 

142  GO 

J 

3 “ 

V..;*  V vj  , 

J,  E.  Thayer  & Bro.  . 

150  00 

150  00 

J 

3 “ 

150  00 

$226,839  75 

Remarks. 


No. 

252J 

252£ 

253( 

253] 

2532 

2532 

2534 

2535 

2536 

2537 

2538 

2539 

2540 

2541 

2542 

2543 

2544 

2545 

2546 

2547 

2548 

2549 

2550 

2551 

2552 

2553 

2554 

2555 

2556 

2557 

2558 

2559 

2560 

2561 

2562 

2563 

2564 

2565 

2566 

2567 

2568 

2569 

2570 

2571 

2572 

2573 

2574 

2575 

2576 

2577 

2578 

2579 

2580 

2581 

2582 

2583 

2584 

2585 

2586 

2587 

2588 

2589 

2590 

2591 


TABLE  III. — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Carried  for 


Desig- 

nation 

Proceeds. 

Mode 

of 

Paym’t 

By  whom 

Negociated. 

Amount 

of 

Discount. 

r ward, 

$1,334,760  25 
850  00 

$226,839  75 
150  00 

. lOOC 

Cash, 

J.  E.  Thayer  & Bro.  . . 

lOOC 

850  00 

“ 

n 

150  00 

lOOC 

850  00 

“ 

“ 

150  00 

lOOC 

850  00 

ii 

150  00 

lOOC 

850  00 

(( 

a 

150  00 

1000 

850  00 

a 

u 

150  00 

1000 

850  00 

u 

(i 

150  00 

1000 

850  00 

u 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

150  00 

1000 

850  00 

u 

(( 

150  00 

1000 

850  00 

« 

(t 

150  00 

1000 

850  00 

u 

(( 

150  00 

1000 

850  00 

u 

(( 

150  00 

1000 

850  00 

u 

u 

150  00 

1000 

850  00 

« 

“ 

150  00 

1000 

850  00 

u 

<( 

150  00 

1000 

850  00 

(( 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

« 

« 

150  00 

1000 

850  00 

u 

(i 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

iC 

t( 

150  00 

1000 

850  00 

« 

u 

150  00 

1000 

850  00 

u 

li 

150  00 

1000 

850  00 

ll 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

» 

150  00 

1000 

850  00 

ii 

ll 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

“ 

150  Oo 

1000 

850  00 

iC 

“ 

150  00 

1000 

850  00 

(( 

“ 

150  00 

1000 

850  00 

ii 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

ll 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

ii 

“ 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

li 

“ 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

u 

ll 

150  00 

1000 

850  00 

u 

ll 

150  00 

1000 

850  00 

a 

ll 

150  00 

1000 

850  00 

u 

“ 

150  00 

1000 

850  00 

C( 

“ 

150  00 

1000 

850  00 

a 

“ 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

“ 

150  00 

1000 

850  00 

ll 

150  00 

1000 

850  00 

ll 

150  00 

1000 

850  00 

u 

“ 

150  00 

ward,  ! 

51,389,160  25  , 

$236,439  76 

Remarks. 


TABLE  ni.  — (Continued.) 


121 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

2592 

Brought  for 
Sold, 

ward, 

$1000 

$1,389,160  25 
850  00 

2593 

U 

1000 

850  00 

2594 

u 

1000 

850  00 

2o95 

a 

1000 

850  00 

2596 

a 

1000 

850  00 

2597 

a 

1000 

850  00 

2598 

u 

1000 

850  00 

2599 

a 

1000 

850  00 

2600 

u 

1000 

850  00 

2601 

(( 

1000 

850  00 

2602 

u 

1000 

850  00 

2603 

“ 

1000 

850  00 

2604 

u 

1000 

850  00 

2605 

(( 

1000 

850  00 

2606 

(( 

1000 

850  00 

2607 

“ 

1000 

850  00 

2608 

u 

1000 

850  00 

2609 

“ 

1000 

850  00 

2610 

u 

1000 

850  00 

2611 

u 

1000 

850  00 

2612 

u 

1000 

850  00 

2613 

1000 

850  00 

2614 

u 

1000 

850  00 

2615 

u 

1000 

850  00 

2616 

il 

1000 

850  00 

2617 

1000 

850  00 

2618 

1000 

850  00 

2619 

ii 

1000 

850  00 

2620 

a 

1000 

850  00 

2621 

u 

1000 

850  00 

2622 

u 

1000 

850  00 

2623 

cc 

1000 

857  50 

2624 

u 

1000 

850  00 

2625 

u 

1000 

850  00 

2626 

a 

1000 

850  00 

2627 

‘‘ 

1000 

850  00 

2628 

u 

1000 

850  50 

2629 

(i 

1000 

850  50 

2630 

u 

1000 

850  50 

2631 

u 

1000 

850  50 

2632 

u 

1000 

850  50 

2633 

(( 

1000 

850  00 

2634 

ti 

1000 

850  00 

2635 

u 

1000 

850  00 

2636 

u 

1000 

850  00 

2637 

a 

1000 

850  00 

2638 

1000 

850  00 

2639 

(( 

1000 

850  00 

2640 

(( 

1000 

850  00 

2641 

u 

1000 

850  00 

2642 

u 

1000 

850  00 

2643 

u 

1000 

850  00 

2644 

ii 

1000 

850  00 

2645 

u 

1000 

850  00 

2646 

u 

1000 

850  00 

2647 

» 

1000 

850  00 

2648 

u 

1000 

850  00 

2649 

1000 

850  00 

2650 

‘‘ 

1000 

850  00 

2651 

t 

1000 

850  00 

2652 

u 

1000 

850  00 

2653 

ti 

1000 

850  00 

2654 

u 

1000 

850  00 

2655 

u 

1000 

850  00 

• 

Carried  for 

ward, 

$1,443,567  75 

p 


Mode 

1 

By  whom 

Amount  { 

of 

of 

Payni’t. 

Negotiated. 

Discount.  j 

$236,439  75 
150  00 

Cash, 

J.  E.  Thayer  & Bro.  . . j 

u 

150  00 

U 

44 

150  00 

U 

44 

150  00 

u 

Wm.  McLain, 

150  00 

U 

150  00 

44 

150  00 

(( 

44 

150  00 

u 

44 

150  00 

(( 

44 

150  00 

n 

44 

150  00 

u 

44 

150  00 

u 

44 

150  00 

44 

J.  E.  Thayer  & Bro.  . . 

150  00 

44 

150  00 

u 

44 

150  00 

44 

44 

150  00 

44 

150  00 

44 

44 

150  00 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

ii 

150  00 

44 

ii 

150  00 

44 

44 

150  00 

44 

it 

150  00 

44 

44 

150  00 

44 

Tf  Einhnrflsmij 

150  00 
150  00 

44 

F,  D.  Rrlo-o-s 

142  50 

44 

44 

• • . • 

J.  E.  Thayer  & Bro.  . . 

150  00 
150  00 

44 

‘‘ 

150  00 
150  00 

44 

u 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 

44 

44 

150  00 
150  00 

44 

44 

150  00 

44 

(4 

150  00 

44 

44 

150  00 

44 

44 

! 150  00 

44 

44 

44 

150  00 
150  00 

44 

150  00 

44 

it 

150  00 

44 

44 

150  00 
150  00 

44 

44 

150  00 

44 

u 

150  00 

44 

44 

150  00 

44 

i4 

150  00 

44 

44 

150  00 

44 

44 

150  00 

1 $240,032  25  ! 

Remarks. 


122 


TABLE  LQ.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

Di  siDosition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

2656 

Brought  for 
Sold, 

ward, 

$1000 

$1,443,567  75 
850  00 

Cash, 

J.  E.  Thayer  & Bro.  . . 

$246,032  25 
150  00 

2657 

“ 

1000 

850  00 

LL 

150  00 

2658 

“ . 

1000 

850  00 

LL 

(C 

150  00 

2659 

U 

1000 

850  00 

LL 

LL 

150  00 

2660 

“ 

1000 

850  00 

LL 

LL 

150  00 

2661 

“ 

1000 

850  00 

LL 

150  00 

2662 

u 

1000 

850  00 

LL 

LL 

150  00 

2663 

ii 

1000 

850  00 

LL 

LL 

150  00 

2664 

u 

1000 

850  00 

LL 

150  00 

2665 

“ 

1000 

850  00 

(( 

LL 

150  00 

2666 

“ 

1000 

850  00 

LL 

LL 

150  00 

2667 

u 

1000 

850  00 

LL 

150  00 

2668 

“ 

1000 

850  00 

LL 

LL 

150  00 

2669 

u 

1000 

850  00 

LL 

LL 

150  00 

2670 

u 

1000 

850  00 

LL 

LL 

150  00 

2671 

u 

1000 

850  00 

LL 

LL 

150  00 

2672 

u 

1000 

850  00 

LL 

LL 

150  00 

2673 

“ 

1000 

850  00 

LL 

LL 

150  00 

2674 

u 

1000 

850  00 

LL 

LL 

150  00 

2675 

u 

1000 

850  00 

LL 

LL 

150  00 

2676 

“ 

1000 

850  00 

LL 

Li 

150  00 

2677 

“ 

1000 

850  00 

LL 

150  00 

2678 

“ 

1000 

850  00 

LL 

150  00 

2679 

a 

1000 

850  00 

LL 

150  00 

2680 

u 

1000 

850  00 

LL 

150  00 

2681 

1000 

905  00 

J.  S.  Amory, 

95  00 

2682 

u 

1000 

905  00 

U 

95  00 

2683 

1000 

910  00 

(( 

u 

90  00 

2684 

1000 

910  00 

(( 

u 

90  00 

2685 

‘‘  1 

1000 

9i0  00 

LL 

(C 

90  00 

2686 

u 

1000 

910  00 

LL 

R.  C.  Hooper, 

90  00 

2687 

u 

1000 

910  00 

LL 

LL^  ' 

90  00 

2688 

Li 

1000 

910  00 

H 

LL 

90  00 

2689 

u 

1000 

910  00 

LL 

LL 

90  00 

2690 

1000 

910  00 

LL 

LL 

90  00 

2691 

u 

1000 

910  00 

LL 

LL 

90  00 

2692 

1000 

910  00 

LL 

» 

90  00 

2693 

looo! 

loool 

910  00 

LL 

LL 

90  00 

2694 

910  00 

LL 

LL 

90  00 

2695 

LL 

lOOOj 

910  00 

LL 

LL 

90  00 

2696 

U 

1000 

850  00 

LL 

J.  E.  Thayer  & Bro.  . . 

150  00 

2697 

a 

lOOOi 

890  00 

LL 

H.  H.  Hunnewell,  .... 

110  00 

2698 

(( 

1000 

890  00 

LL 

U 

110  00 

2699 

u 

1000 

890  00 

LL 

it 

110  00 

2700 

(( 

1000 

900  00 

LL 

(( 

100  00 

2701 ! 

(( 

1000 

900  00 

LL 

U 

100  00 

2702! 

u 

lOOO 

900  00 

U 

U 

100  00 

2703 

(( 

1000 

900  00 

(( 

u 

100  00 

2704 

i( 

1000 

900  00 

' LL 

it 

100  00 

2705 

LL 

1000 

900  00 

LL 

a 

100  00 

2706 

1000 

900  00 

LL 

a 

100  00 

2707 

1000 

900  00 

LL 

J.  S.  Amory, 

100  00 

2708 

1000 

900  00 

LL 

100  00 

2709 

LL 

1000 

900  00 

LL 

100  00 

2710 

1000 

900  00 

LL 

LL 

100  00 

2711 

1000 

900  00 

LL 

LL 

100  00 

2712 

LL 

1000 

900  00 

LL 

LL 

100  00 

2713 

LL 

1000 

900  00 

Li 

LL 

100  00 

2714 

1000 

900  00 

LL 

LL 

100  00 

2715 

1000 

900  00 

LL 

LL 

100  00 

2716 

1000 

900  00 

LL 

LL 

100  00 

2717 

1000 

850  00 

LL 

J.  E.  Thayer  & Bro,  . , 

150  00 

2718 

1000 

850  00 

LL 

it 

150  00 

2719 

U 

1000 

850  00 

LL 

K 

150  00 

Carried  for 

ward, 

$1,499,827  75 

$253,772  25 

Kemarks. 


No. 

2720 

2721 

2722 

2723 

2724 

2725 

2726 

2727 

2728 

2729 

2730 

2731 

2732 

2733 

2734 

2735 

2736 

2737 

2738 

2739 

2740 

2741 

2742 

2743 

2744 

2745 

2746 

2747 

2748 

2745 

275( 

2751 

2755 

2758 

275^ 

275E 

275( 

275^ 

275( 

275i 

276< 

276: 

276: 

276; 

276. 

276. 

276' 

276 

276 


TABLE  III.  — (Continued.) 


123 


Mortgage  Bonds  due  in  1861. 


for 


Mode 

of 

Paym’t. 


ward,  5 
$1000 

n, 499, 827  75 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

850  00 

1000 

1 850  00 

lOOO 

1 850  00 

1000 

( 850  00 

By  whom 
Negotiated. 


1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 

1000 


Cash, 


J.  E.  Thayer  & Bro. 


850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 
850  00 


$1,553,377  75 


Amount 

of 

Discount. 


$253,772 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 
150 


25 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 


150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

150 

160 


00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 


Given  to  Jno. 
Young,  Esq. 
as  sample  for 
Bonds  of  hii 
Road. 


$263,222  26 


124 


TABLE  IIL— (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

DispositioD. 

Desig- 

nstion. 

Proceeds. 

Mode 

of 

Pajm’t. 

Bv  irhom 

Ncgociated. 

1 Amount 

I of 

Discount. 

Brouo^ht  fca 

S263.222  25 

2784 

Sold, 

1000 

850  00 

Cash, 

J.  E.  Thayer  & Bro.  . . 

150  00 

2785 

1000 

850  00 

150  00 

2786 

1000 

850  00 

44 

150  00 

2787 

1000 

850  00 

44 

150  00 

2788 

1000 

850  00 

a4 

150  00 

2789 

1000 

850  00 

44 

150  00 

2790 

1000 

850  00 

44 

150  00 

2791 

U 

. 1000 

850  00 

44 

150  00 

2792 

u 

1000 

850  00 

150  00 

2793 

u 

1000 

850  00 

150  00 

2794 

u 

1000 

850  00 

44 

150  00 

2795 

u 

1000 

850  00 

44 

150  00 

2796 

1000 

850  00 

U 

44 

150  00 

2797 

“ 

1000 

850  00 

44 

150  00 

2798 

1000 

850  00 

44 

150  00 

2799 

1000 

850  00 

44 

‘4 

150  00 

2800 

1000 

850  00 

44 

44. 

150  00 

2801 

44 

1000 

850  00 

U 

44 

150  00 

2802 

44 

1000 

850  00 

44 

44 

150  00 

2803 

1000 

850  00 

44 

44 

150  00 

2804 

44 

1000 

850  00 

44 

44. 

150  00 

2805 

“ 

1000 

850  00 

44 

4t 

150  00 

2806 

44 

1000 

850  00 

44 

44 

150  00 

2807 

‘‘ 

1000 

850  00 

44 

44 

150  00 

2808 

44 

1000 

850  00 

44 

150  00 

2809 

44 

1000 

850  00 

44 

150  00 

2810 

1000 

850  00 

44 

150  00 

2811 

44 

1000 

850  00 

44 

U 

150  00 

2812 

44 

1000 

850  00 

44 

150  00 

2813 

44 

1000 

850  00 

it 

150  00 

2814 

44 

looa 

850  00 

44 

4t 

150  00 

2815 

44 

1000 

850  00 

44 

44 

150  00 

2816 

44 

1000 

850  00 

44 

44 

150  00 

2817 

44 

1000 

850  00 

44 

44 

150  00 

2818 

44 

1000 

850  00 

44 

44 

150  00 

2819 

44 

1000 

850  00 

44 

44 

150  00 

2820 

1000. 

850  00 

44 

u 

150  00 

2821 

1000 

850  00 

44 

150  00 

2822 

1000 

895  00 

44 

Lee  &:  Hicrginson, 

105  00 

2823 

1000 

895  00 

44 

105  00 

2824 

1000 

895  00 

44 

u 

105  00 

2825 

44 

1000 

895  00 

44 

105  00 

2826 

1000 

895  00 

U 

u 

105  00 

2827  ' 

\ 

to  ' 

> On  hand. 

1000 

2996  ' 

1 

2997  Sold, 

500 

428  75 

Cash, 

J.  W.  Labaree, 

71  25 

2998 

500 

428  75 

44 

44 

71  25 

2999 

44 

500 

428  75 

44 

44 

71  25 

3000 

44 

500 

428  75  , 

44 

44 

71  25 

3001 

44 

500 

433  75 

44 

Thomas  Dav, ' 

66  25 

3002 

500 

433  75 

44 

66  25 

3003 

44 

500 

433  75 

« 

44 

66  25 

3004 

44 

500 

433  75 

44 

44 

66  25 

3005 

44 

500 

433  75 

44 

44  j 

66  25 

3006 

44 

500 

433  75 

44 

“ i 

66  25 

3007 

44 

500 

425  00 

44 

J.  C.  Dnnn,  

75  00 

3008 

44 

500 

425  00 

44 

44  ! 

7 5 00 

3009 

500 

425  00 

44 

44 

75  00 

3010 

44 

500 

425  00 

44 

44 

75  00 

3011 

500 

428  75 

44 

C.  S.  Shedd, 

71  25 

3012 

44 

500 

428  75 

Wm.  Parsons, 

71  25 

3013 

44 

500 

428  75 

44 

44  ’ 

71  25 

1 Carried  for ' 

ward,  $1,597,456  50 

$270,643  50 

% 


TABLE  IIL  — (Continued.) 


125 


Mortgage  Bonds  due  in  1861. 


Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

$270,643  50 

71  25 

Cash,  ' 

iVilliam  Parsons, 

r.  N.  Willard, 

71  25 

“ ( 

C.  Woodruff, 

Francis  Tukey, 

71  25 

(C  1 

71  25 

“ 

r.  H.  Leavitt, 

66  25 

iL 

“ 

66  25 

(( 

66  25 

James  Sawver, 

75  00 

U 

75  00 

J.  C.  Dunn, 

75  00 

u 

75  00 

u 

u 

75  00 

u 

“ 

75  00 

u 

u 

75  00 

u 

75  00 

“ 

75  00 

u 

75  00 

u 

D.  N.  Adams, 

75  00 

u 

T.  G.  Brainerd, 

71  25 

ci 

H.  H.  Camp, 

71  25 

I.  D.  Farnsworth, 

75  00 

68  75 

U 

B.  B.  Frost, 

71  25 

U 

B.  Garvin, 

71  25 

44 

Koyal  Hatch, 

50  00 

G.  Lincoln, 

75  00 

44 

A.  Marsters, 

50  00 

44 

C.  Paine,  2d, 

71  25 

44 

Eobert  Prince, 

71  25 

44 

W.  Robinson, 

71  25 

44 

J.  E.  Smith, 

J.  Sprague, 

71  25 

71  25 

44 

D.  Watson,  Jr 

71  25 

44 

H.  Wolcott, 

71  25 

44 

C.  Worcester, 

71  25 

J.  C.  I3unn,  

75  00 

44 

W.  Currier, 

71  25 

1 Cash, 

L.  M.  Martin, 

71  25 

44 

75  00 

^ 44 

William  Thomas, 

69  75 

69  75 

u 

69  75 

n 

69  75 

) “ 

u 

69  75 

1 “ 

u 

69  75 

E.  Nye,  Jr 

71  25 

! “ 

E.  G.  Pierce, 

71  25 

A.  E.  McElroy, 

71  25 

) “ 

E.  H.  Ilemmenway,  . . 

75  00 

75  00 

) 

) “ 

J.  C.  Dunn, 

75  00 

44 

62  50 

) 

44 

62  50 

) 

44 

62  50 

) 

■\  44 

44 

62  50 

) 

) “ 

44 

62  50 

44 

62  50 

3 “ 

44 

62  50 

^ 44 

(i 

62  50 

J 

44 

44 

62  60 

J 

3 “ 

44 

62  50 

44 

62  50 

3 “ 

5 “ 

U 

63  75 

$275,027  00 

Disposition. 


8014 

3015 

3016 

3017 

3018 

3019 

3020 

3021 

3022 

3023 

3024 

3025 

3026 

3027 

3028 

3029 

3030 

3031 

3032 

3033 

3034 

3035 

3036 

3037 
8038 

3039 

3040 
304 

3042 

3043 

3044 

3045 

3046 

3047 

3048 

3049 

3050 

3051 

3052 

3053 

3054 

3055 

3056 

3057 

3058 

3059 

3060 

3061 

3062 

3063 

3064 

3065 

3066 

3067 

3068 

3069 

3070 

3071 

3072 

3073 

3074 

3075 

3076 

3077 


Brought 
Sold, . . . 


for 


Filed, 
Sold,  . 


Desig- 

nation. 


Proceeds. 


ward,  $1 
$500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 
500 


,597,426 
428 
428 
428 
428 
433 
433 
433 
425 
425 
425 
425 
425 
425 
425 
425 
425 
425 
425 
428 
428 
425 
431 
428 
428 
450 
425 
450 
428 
428 
428 
428 
428 
428 
428 
428 
425 
428 


Carried  forlward,  $1,624,573  00 


No. 

3078 

3079 

3080 

3081 

3082 

3083 

3084 

3085 

3086 

3087 

3088 

3089 

3090 

3091 

3092 

3093 

3094 

3095 

3096 

3097 

3098 

3099 

3100 

3101 

3102 

3103 

3104 

3105 

3106 

3107 

3108 

3109 

3110 

3111 

3112 

3113 

3114 

3115 

3116 

3117 

3118 

3119 

3120 

3121 

3122 

3123 

3124 

3125 

3126 

3127 

3128 

3129 

3130 

3131 

3132 

3133 

3134 

3135 

3136 

3137 

3138 

3139 

3140 

3141 


f 


TABLE  ni. — (Continued.) 


Mortgage  Bonds  due  in  1861. 


Proceeds. 

Mode 

of 

Paym’ 

By  whom 

Negociated. 

Amount 

of 

Discount. 

$1,624,573  00 
436  25 

$275,027  00 
63  75 

Cash, 

J.  C.  Dunn, 

436  25 

“ 

“ 

63  75  1 

436  25 

“ 

it 

63  75 

425  00 

(( 

H.  Homer, 

75  00  1 

425  00 

U 

ii 

75  00 

425  00 

iL 

it 

75  00  ! 

425  00 

U 

ii 

75  00 

425  00 

“ 

ii 

75  00 

425  00 

75  00 

432  50 

“ 

T.  B.  Pope, 

67  50 

432  50 

u 

ii 

67  50 

432  50 

(( 

67  50 

432  50 

u 

ii 

67  50 

425  00 

a 

F.  Skinner, 

75  00 

425  00 

“ 

75  00 

425  00 

(( 

ii 

75  00 

425  00 

u 

ii 

75  00 

425  00 

a 

it 

75  00 

425  00 

a 

ii 

75  00 

425  00 

“ 

it 

75  00 

425  00 

(£ 

ii 

75  00 

425  00 

(( 

it 

75  00 

428  75 

(( 

G.  W.  Benedict, 

71  25 

428  75 

U 

“ 

71  25 

428  75 

“ 

E.  D.  Briggs, 

71  25 

425  00 

U 

J.  E.  Thayer  & Bro.  . . 

75  00 

425  00 

ii 

75  00 

425  00 

a 

75  00 

425  00 

ii 

75  00 

425  00 

75  00 

425  00 

it 

75  00 

425  00 

u 

it 

75  00 

425  00 

u 

ii 

75  00 

425  00 

ii 

75  00 

425  00 

u 

ii 

75  00 

425  00 

it 

ii 

75  00 

425  00 

ii 

« 

75  00 

425  00 

it 

75  00 

425  00 

ii 

ii 

75  00 

425  00 

ii 

ii 

75  00 

425  00 

ii 

it 

75  00 

425  00 

ii 

ii 

75  00 

425  00 

ii 

it 

75  00 

425  00 

ii 

75  00 

425  00 

ii 

75  00 

425  00 

ii 

75  00 

425  00 

ii 

it 

75  00 

425  00 

ii 

it 

75  00 

425  00 

ii 

ii 

75  00 

425  00 

75  00 

425  00 

ii 

75  00 

425  00 

ii 

it 

75  00 

425  00 

it 

75  00 

425  00 

ii 

‘‘ 

75  00 

425  00 

ii 

75  00 

425  00 

it 

75  00 

425  00 

ii 

ii 

75  00 

425  00 

it 

ii 

75  00 

425  00 

ii 

75  00 

425  00 

ii 

75  00 

425  00 

ii 

75  00 

425  00 

ii 

75  00 

425  00 

it 

75  00 

425  00 

ii 

ii 

75  00 

$1,651,848  00 

$279,752  00 

Bemarks. 


No. 

3142 

3143 

3144 

3145 

3146 

3147 

3148 

3149 

3150 

3151 

3152 

3153 

3154 

3155 

3156 

3157 

3158 

3159 

3160 

3161 

3162 

3163 

3164 

3165 

3166 

3167 

3168 

3169 

3170 

3171 

3172 

3173 

3174 

3175 

3176 

3177 

3178 

3179 

3180 

3181 

3182 

3183 

3184 

3185 

3186 

3187 

3188 

3198 

3190 

3191 

3192 

3193 

3194 

3195 

3196 

3197 

3198 

3199 

3200 

3201 

3202 

3203 

3204 

3205 


TABLE  III.  — (Continued.) 


127 


Mortgage  Bonds  dice  in  1861. 


Proceeds. 


Brought  for 

ward, 

$1,651,848  00 

Sold, 

$500 

425  00 

500 

425  00 

“ 

500 

425  00 

U 

500 

425  00 

500 

425  00 

u 

500 

425  00 

a 

500 

425  00 

a 

500 

425  00 

500 

425  00 

u 

500 

425  00 

iC 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

a 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

“ 

500 

425  00 

(C 

500 

425  00 

(£ 

500 

425  00 

U 

500 

425  00 

U 

500 

425  00 

(( 

500 

425  00 

U 

500 

425  00 

U 

500 

425  00 

(( 

500 

425  00 

U 

500 

425  00 

u 

500 

425  00 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

ii 

500 

425  00 

(( 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

u 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

ii 

500 

425  00 

500 

425  00 

$1,679,048  00 


Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Cash,. 

J.  E.  Thayer  & Bro.  . . 

ii 

a 

(( 

a 

a 

ii 

a 

a 

ii 

a 

a 

ii 

a 

ii 

a 

a 

ii 

a 

ii 

a 

a 

ii 

ii 

ii 

ii 

a 

a 

ii 

a 

ii 

ii 

u 

a 

ii 

u 

ii 

ii 

ii 

ii 

a 

u 

ii 

ii 

ii 

ii 

ii 

ii 

ii 

ii 

ii 

(( 

ii 

ii 

ii 

ii 

ii 

a 

ii 

a 

ii 

a 

ii 

ii 

ii 

it 

a 

ii 

ii 

a 

a 

a 

a 

ii 

ii 

a 

ii 

a 

ii 

ii 

a 

a 

ii 

ii 

a 

ii 

ii 

ii 

a 

ii 

ii 

ii 

ii 

ii 

a 

ii 

(( 

(( 

ii 

it 

ii 

a 

a 

ii 

ii 

a 

ii 

ii 

a 

a 

ii 

a 

a 

a 

ii 

a 

ii 

ii 

a 

a 

ii 

a 

Amount 

of 

Discount. 


Remarks. 


$279,752 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

' 75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

75 

00 

$284,552  00 


28 


TABLE  III.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

■ Negociated. 

Amount 

of 

Discount. 

$1,679,048  00 

$284,552  00 

3206 

Sold,  T 

$500 

i 425  00 

Cash, 

J.  E.  Thayer  & Bro.  . . 

: 75  00 

3207 

u 

500 

425  00 

u 

75  00 

3208 

u 

500 

i 425  00 

a 

' 75  00 

3209 

ti 

500 

1 425  00 

a 

75  00 

3210 

a 

500 

1 425  00 

ii 

75  00 

3211 

u 

500 

425  00 

u 

ii 

75  00 

3212 

a 

500 

! 425  00 

n 

a 

75  00 

3213 

u 

500 

1 425  00 

ii 

ii 

75  00 

3214 

“ 

500 

j 425  00 

a 

ii 

75  00 

3215 

u 

500 

425  00 

iL 

it 

75  00 

3216 

u 

500 

425  00 

ii 

75  00 

3217 

a 

500 

425  00 

(( 

a 

75  00 

3218 

“ 

500 

425  00 

u 

a 

75  00 

3219 

“ 

500 

! 425  00 

ii 

75  00 

3220 

u 

500 

425  00 

ii 

ii 

75  00 

3221 

a 

^00 

425  00 

ii 

ii 

75  00 

3222 

u 

500 

425  00 

a 

75  00 

3223 

“ 

500 

425  00 

(C 

a 

75  00 

3224 

u 

500 

425  00 

(( 

a 

75  00 

3225 

u 

500 

425  00 

(( 

75  00 

3226 

500 

425  00 

a 

75  00 

3227 

“ 

500 

425  00 

75  00 

3228 

U 

500 

425  00 

ii 

75  00 

3229 

u 

500 

425  00 

ii 

75  00 

3230 

500 

425  00 

75  00 

3231 

500 

! 425  00 

a 1 

1 75  00 

3232 

u 

500 

i 425  00 

(C 

75  00 

3233 

u 

500 

425  00 

ii 

75  00 

3234 

ii 

500 

425  00 

ii 

ii 

75  00 

3235 

u 

500 

425  GO 

ii 

75  00 

3236 

500 

425  00 

ii 

a 

75  00 

3237 

500 

425  00 

ii 

a 

75  00 

3238 

(( 

500 

425  00 

it 

a 

75  00 

3239 

u 

500 

425  00 

ii 

75  00 

3240 

u 

500 

425  00 

ii 

« 

75  00 

3241 

500i 

425  00 

ii 

75  00 

3242 

u 

500 

425  00 

ii 

a 

75  00 

3243 

500| 

450  00 

E.  Rhoades, 

50  00 

3244 

) 

1 

1 

to 

> On  hand., 

500' 

1 

3492 

) \ 

3493 

Sold, 1 

100; 

85  00 

Cash, 

E.  E.  Dnvisffn 

15  00 

3494 

100, 

85  00 

ii 

J.  Cutter, i 

15  00 

3495 

u 

100 

85  00 

ii 

ii 

15  00 

3496 

u 

100 

85  00 

ii 

» 

15  00 

3497 

100 

85  00 

ii 

U 

15  00 

3498 

100 

85  75 

a 

E.  Carpenter, 

14  25 

3499 

u 

100 

87  50 

u 

J.  C.  Dunn, 

12  50 

3500 

u 

100 

87  50 

ii 

12  50 

3501 

100 

87  50 

a 

ii 

12  50 

3502 

a 

100 

87  50 

a 

12  50 

3503 

(( 

100 

87  50 

ii 

12  50 

3504 

a 

100 

85  75 

a 

S.  Boynton, 

14  25 

3505 

100 

85  75 

14  25 

3506 

n 

100 

85  75 

A.  Buell, 

14  25 

3507 

u 

100 

85  75 

a 

14  25 

3508 

100 

85  75 

N.  GiUet, 

14  25 

3509 

(( 

100 

85  75 

ii 

14  25 

3510 

(( 

100 

87  50 

ii 

J.  C.  Dunn, 

12  50 

3511 

100 

87  50 

a 

12  50 

3512 

n 

100 

87  50 

a 

ii 

12  50 

3513 

li 

100 

87  50 

a 

ii 

12  50 

3514 

(i 

100 

87  50 

ii 

ii 

12  50 

Carried  for 

ward,  jl 

$1,697,125  25 

$287,674  75 

Remarks. 


No. 

3515 

3516 

3517 

3518 

3519 

3520 

3521 

3522 

3523 

3524 

3525 

3526 

3527 

3528 

3529 

3530 

3531 

3532 

3533 

3534 

3535 

3536 

3537 

3538 

3539 

3540 

3541 

3542 

3543 

3544 

3545 

3546 

3547 

3548 

3549 

3550 

3551 

3552 

3553 

3554 

3555 

3556 

3557 

3558 

3559 

3560 

3561 

3562 

3563 

3564 

3565 

3566 

3567 

3568 

3569 

3570 

3571 

3572 

3573 

3574 

3575 

3576 

3577 

3578 


TABLE  III.  — (Continued.) 


129 


Mortgage  Bonds  due  in  1861. 


Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

$1,697,125  25 

$287,674  75 

' 86  75 

Cash, 

Thomas  Day, 

13  25 

85  75 

A.  Webster,  

14  25 

85  75 

14  25 

85  75 

u 

E.  Hebarcl,  

14  25 

85  75 

u 

14  25 

85  75 

u 

Mary  F.  Sanger, 

14  25 

85  75 

u 

li 

14  25 

85  00 

(C 

J.  R.  Langdon, 

15  00 

85  00 

“ 

15  00 

85  00 

“ 

‘‘ 

15  00 

85  00 

U 

u 

15  00 

85  00 

u 

u 

15  00 

85  75 

J.  Bickford, 

14  25 

85  75 

u 

14  25 

85  00 

(( 

J.  Kendall,  

15  00 

85  00 

u 

15  00 

85  75 

u 

T.  Livermore, 

14  25 

85  75 

u 

L.  N.  Barnard, 

14  25 

85  75 

u 

u 

14  25 

87  50 

u 

J.  C.  Dunn,  

12  50 

87  50 

u 

U 

12  50 

87  50 

u 

12  50 

85  121 

u 

J.  Cleaves,  

14  871 

85  121 

“ 

u 

14  871 

86  25 

u 

Thomas  Dav, 

13  25 

86  75 

u 

u “ 

13  25 

86  75 

T.  H.  Leavitt,  

13  25 

86  75 

u 

13  25 

86  75 

u 

Thomas  Day, 

13  25 

87  50 

u 

J.  C.  Dunn,  

12  50 

87  50 

u 

12  50 

87  50 

u 

a 

12  50 

87  50 

u 

a 

12  50 

87  50 

u 

12  50 

85  75 

C.  S.  Shedd, 

14  25 

85  75 

William  Parsons,  .... 

14  25 

85  75 

u 

ii 

14  25 

85  75 

u 

J.  E.  M.  Gilley, 

14  25 

85  75 

W.  H.  Lemex, 

14  25 

85  75 

u 

14  25 

85  75 

£& 

Ezra  Alden,  

14  25 

85  75 

u 

(4 

14  25 

85  75 

44 

14  25 

85  00 

u 

G.  Loveland,  

15  00 

85  75 

it 

J.  N.  Willard, 

14  25 

85  75 

it 

14  25 

85  75 

it 

J.  R.  Wellman, 

14  25 

85  75 

u 

44 

14  25 

85  75 

u 

Francis  Tukey, 

14  25 

85  75 

u 

44 

14  25 

86  75 

a 

T.  H.  Leavitt, 

13  25 

86  75 

u 

“ 

13  25 

86  75 

it 

“ 

13  25 

86  75 

it 

u 

13  25 

86  75 

u 

“ 

13  25 

82  00 

it 

G.  Barton, 

8 00 

85  75 

u 

S.  H.  Bennett, 

14  25 

85  75 

u 

44 

14  25 

85  75 

u 

J.  ir.  Blain,  

14  25 

85  75 

iC 

.1.  Blodget, 

14  25 

8y  7 5 

“ 

14  25 

85  75 

u 

T.  G.  Brainerd, 

14  25 

85  75 

u 

Mary  E.  Emerv, 

14  25 

85  75 

John  Marsh,  

14  25 

$1,702,635  25 

$284,564  75 

Remarks. 


130 


TABLE  III.  — (Continued.) 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negotiated. 

Amount 

of 

Discount. 

Brought  for 

ward, 

!$1,702,635  25 
85  75 

$288,564  75 
14  25 

3579 

Sold, 

$100 

100 

Cash, 

John  Mnrsh,  . . . 

3580 

u 

85  75 

T.  A.  Harden, 

14  25 

3581 

u 

100 

88  00 

u 

Jacob  Malck, 

12  00 

3582 

a 

100 

85  75 

C.  B.  Redfield, 

14  25 

3583 

u 

100 

85  75 

J.  Shaw,  

14  25 

3584 

u 

100:  -85  75 

“ 

14  25 

3585 

u 

100 

85  75 

u 

J.  Sprague, 

Giles  Waitt,  

14  25 

3586 

u 

100 

85  75 

14  25 

3587 

“ 

100 

85  75 

J.  C.  Walkley, 

14  25 

3588 

100!  85  75 

u 

u 

14  25 

3589 

u 

100 

85  75 

u 

C.  Worcester, 

14  25 

3590 

u 

100 

87  50 

J.  C.  Dunn, 

12  50 

3591 

(( 

100 

85  75 

C.  & R.  Ainsworth,  . . 

14  25 

3592 

u 

100 

85  75 

u 

E.  G.  Pierce,  

14  25 

3593 

u 

100 

85  75 

u 

E.  H.  Covill, 

14  25 

3594 

“ 

100 

85  75 

14  25 

3595 

u 

100 

85  75 

u 

R.  Montague, 

14  25 

3596 

100 

85  75 

u 

14  25 

3597 

“ 

100 

85  75 

u 

A.  Cummins, 

14  25 

3598 

100 

85  75 

u 

14  25 

3599 

100 

85  75 

Betsey  Cummins,  .... 

14  25 

3600 

“ 

100 

85  75 

14  25 

3601 

u 

100 

85  00 

u 

L.  Beckley, 

15  00 

3602 

100 

85  75 

u 

44 

14  25 

3603 

u 

100 

85  75 

E.  Wheaton, 

14  25 

3604 

100 

85  75 

u 

Ezra  Carter, 

14  25 

3605 

100 

85  00 

u 

F.  Skinner, 

15  00 

3606 

100 

85  00 

u 

“ 

15  00 

3607 

100 

85  75 

H.  B.  Wheelwright,  . . 

14  25 

3608 

100 

85  V5 

u 

ii 

14  25 

3609 

(( 

100 

90  00 

u 

0.  Cummins, 

10  00 

3610 

(( 

100 

90  00 

u 

Mary  G.  Dixon, 

10  00 

3611 

(( 

100 

85  00 

u 

J.  E.  Thayer  & Bro.  . . 

15  00 

3612 

u 

100 

85  00 

a 

15  00 

3613 

u 

100 

85  00 

a 

u 

15  00 

3614 

u 

100 

85  00 

u 

15  00 

3615 

100 

85  00 

a 

u 

15  00 

3616 

100 

85  00 

a 

ii 

15  00 

3617 

u 

100 

85  00 

u 

ii 

15  00 

3618 

100 

85  00 

it 

ii 

15  00 

3619 

100 

85  00 

u 

ii 

15  00 

3620 

100 

85  00 

u 

ii 

15  00 

3621 

100 

85  00 

ii 

15  00 

3622 

100 

85  00 

a 

44 

15  00 

3623 

100 

85  00 

u 

44 

15  OO 

3624 

100 

85  00 

u 

44 

15  00 

3625 

100 

85  00 

u 

44 

15  00 

3626 

100 

85  00 

u 

44 

15  00 

3627 

u 

100 

85  00 

a 

44 

15  00 

3628 

100 

85  00 

it 

44 

15  00 

3629 

100 

85  00 

it 

44 

15  00 

3630 

100 

85  00 

u 

44 

15  00 

3631 

1001 

85  00 

u 

44 

15  00 

3632 

‘‘ 

100 

85  00 

it 

44 

15  00 

3633 

100 

85  00 

it 

44 

15  00 

3634 

100 

85  00 

a 

44 

15  00 

3635 

100 

85  00 

a 

44 

15  00 

3636 

100 

85  00 

u 

44 

15  00 

3637 

“ 

100 

85  00 

a 

44 

15  00 

3638 

100 

85  00 

a 

44 

15  00 

3639 

100 

85  00 

it 

44 

15  00 

3640 

100 

85  00 

it 

44 

15  00 

3641 

100 

85  00 

it 

44 

15  00 

3642 

100 

85  00 

a 

44 

15  00 

Carried  for 

ward,  i$l,708,109  50 

$289,490  50 

Remarks. 


TABLE  III.  — (Continued.) 


131 


Mortgage  Bonds  due  in  1861. 


No. 

Disposition. 

Desig- 

nation. 

Proceeds. 

Mode 

of 

Paym’t. 

By  whom 

Negociated. 

Amount 

of 

Discount. 

Remarks. 

Brought  for 

ward. 

$1,708,109  50 

$289,490 

50 

3643 

Sold, 

$100 

85  00 

Cash, 

J.  E.  Thayer  & Bro.  . . 

15 

00 

3644 

li 

100 

85  00 

“ 

u 

15 

00 

3645 

U 

100 

85  00 

U 

ii 

15 

00 

3646 

u 

100 

85  00 

a 

a 

15 

00 

3647 

u 

100 

85  00 

“ 

“ 

15 

00 

3648 

u 

100 

85  00 

a 

ii 

15 

00 

3649 

u 

100 

85  00 

a 

a 

15 

00 

3650 

u 

100 

85  00 

a 

ii 

15 

00 

3651 

u 

100 

85  00 

a 

ii 

15 

00 

3652 

u 

100 

85  00 

u 

ii 

15 

00 

3653 

u 

100 

85  00 

a 

a 

15 

00 

3654 

u 

100 

85  00 

u 

a 

15 

00 

3655 

u 

100 

' 85  00 

a 

ii 

15 

00 

3656 

u 

100 

85  00 

a 

ii 

15 

00 

3657 

u 

100 

85  00 

a 

ii 

15 

00 

3658 

u 

100 

85  00 

a 

a 

15 

00 

3659 

100 

85  00 

u 

ii 

15 

00 

.3660 

(( 

100 

85  00 

u 

ii 

15 

00 

3661 

u 

100 

85  00 

a 

u 

15 

00 

3662 

u 

100 

85  00 

a 

u 

15 

00 

3663 

it 

100 

85  00 

u 

ii 

15 

00 

3664 

u 

100 

90  00 

it 

L.  N.  Bernard, 

10 

00 

3665 

ti 

100 

91  00 

u 

C.  E.  Currier, 

9 

00 

3666 

it 

100 

91  00 

ii 

J.  A.  Davis, 

9 

00 

3667 

) 

to 

> On  hand. 

100 

3790 

3791 

) 

Defaced,  . . 

100 

( Given  to 

^ Q A Wallrot* 

No 

) 

^ o*  v¥  aiKcr 

(as  a sample. 

> On  hand. 

1000 

251  Bonds. 

No’s 

$1,710,166  50 

$289,833  50 

Deduct  from  Proceeds,  Commissions: 


Paid  J.  C.  Dunn, $537  60 

Paid  J.  E.  Thayer  & Bro 2300  00 


$2837  50 

Total  of  Bonds  out,  $2,000,000  — Netting,  less  Commissions,  $1,707,329,  or  85f  per  cent,  nearly. 


132 


TABLE  III.  — (Continued.) 


CONDENSED  STATEMENT  CONCERNING  THE  FIRST 
MORTGAGE  BONDS  DUE  IN  1861. 


The  issue  of  these  Bonds  was  authorized  to  the  extent  of  $2,000,000.  The 
Trustees  have  kept  strict  account  of  all  that  they  have  signed,  which  shows  the 
amount  just  named  to  include  all  now  in  circulation.  A “ Record  ” of  these  Bonds 
was  kept,  and  with  little  exception  it  proved  to  be  correct. 

The  exceptions  referred  to  above  are,  that  one  entry  of  “ Sale,”  amounting  to  $200 
only,  was  omitted ; and  that  exchanges  of  Bonds  for  others  of  different  denominations, 
were  not,  as  they  should  have  been,  noted  upon  the  Record  Book. 

The  average  price  realised  by  the  Company  for  these  Bonds,  was  about  85^  per 
cent.  It  should  be  understood,  however,  that  this  Table  does  not  show  in  its  column 
of  “Discount”  a sum  of  $53  7. .50,  allowed  to  Mr.  James  C.  Dunn;  nor  a sum  of 
$2,300,  allowed  to  Messrs.  John  E.  Thayer  & Bro. ; making  together  $2,837.50,  being 
\ per  cent.,  which  sum  was  allowed  them  respectively  as  a commision  for  the  sale  of 
$215,000,  and  $920,000,  of  these  Bonds.  The  sum  of  these  commissions  not  being 
considered  by  the  Company  as  a “ discount  on  the  Bonds,”  (which  it  really  is, 
however,)  was  carried,  in  the  Company’s  Books,  like  all  other  Brokerage,  to  “ Interest 
Account.”  In  accordance  with  the  opinion  above  expressed,  that  this  should  in  fact 
be  included  in  the  “ Discount  on  Bonds,”  these  commissions  are  added  in  as  Discount 
at  the  foot  of  the  Table,  which  therefore  represents  the  amount  reabsed  on  these  Bonds 
by  the  Company,  to  be  about  85|  per  cent. 

Attention  having  been  directed  to  the  payment  of  this  commission  to  Mr.  Dunn,  it 
is  proper  that  the  explanation  given  by  that  officer,  and  by  his  associates,  should  also 
be  stated.  This  is,  that  the  Bonds,  when  offered  to  the  public,  were  not  subscribed 
for  to  the  requisite  amount,  and  Mr.  Dunn  agreed  to  find  purchasers  for  some  of  them, 
on  condition  that  if  he  disposed  of  any,  and  a commission  should  be  allowed  by  the 
Company  to  any  other  party,  the  same  commission  should  be  allowed  to  him.  Such 
commission  being  allowed  to  the  Messrs.  Thayer,  it  was  claimed  by,  and  allowed  to,  Mr. 
Dunn.  It  may  be  also  noted,  that  Mr.  Dunn’s  sales,  including  his  commission,  produced 
to  the  Company  about  86|  per  cent.,  being  1|  per  cent,  more  than  was  realised  in 
the  transaction  with  the  Messrs.  Thayer,  and  1 per  cent,  more  than  the  average  price 
realised  upon  the  whole  issue. 


Note.  — The  Bonds  marked  “ Defaced,”  were  given  as  samples  to  sundiy  persons,  as  follows: 
Nos.  203,  for  $5,000,  to  G.  S.  Haivis,  Treasurer  pro  tern,  of  Northern  Eailroad  Company;  1596 
and  1597,  for  $100  each,  to  J.  A.  Underwood,  and  to  H.  Willis  & Co. ; 2746,  for  $1,000,  to  Hon. 
John  Young;  and  3791,  for  $100,  to  Samuel  A.  Walker,  Esq.  The  signatures  on  these  Bonds 
were  erased. 


TABLE  IV. 


LOSSES  BY  S.  F.  BELKNAP. 


134 


TABLE  IV. 


Dr.  S.  F.  Belknap  in  Account^  for  Construction^  with 


1846. 
Feb.  28, 
Mar.  31, 

To  Engineer’s  Draft  on  Treasurer  at  sight, . 

((  u u u a 

$10,000  00 
15,000  00 
6,000  00 

Apr.  2i; 
“ 29, 

u 

u 

ii 

ii 

it 

u 

(( 

ii 

a 

it 

12,000  00 

May  30, 
June  15, 

(C 

u 

ii 

a 

ii 

20,000  00 

u 

a 

ii 

u 

ii 

8,000  00 

“ 30,' 

u 

u 

ii 

it 

tt 

42,000  00 

July  30, 
Aug.  31, 
Sept.  7, 

“ 30, 

u 

n 

u 

ii 

tt 

36,000  00 

u 

u 

u 

ii 

a 

29,000  00 

u 

u 

li 

ii 

ii 

6,000  00 

u 

u 

u 

a 

ii 

85.000  00 
5,000  00 

40.000  00 

46.000  00 

36.000  00 

Oct.  16, 

u 

ii 

ii 

ti 

tt 

“ 31, 

(( 

ii 

ii 

a 

Nov.  30, 

« 

ii 

ii 

ii 

ii 

Dec.  30, 

u 

ii 

ii 

a 

a 

1847. 
Jan.  30, 

ii 

61,550  00 

“ 30, 

u 

ii 

ii 

it 

ii 

37,800  00 
18,730  00 
17,850  00 
18,480  00 
17,100  00 
13,750  00 

15.500  00 
9,000  00 

16,240  00 
21,275  00 
16,010  00 
28,250  00 
16,080  00 

30.500  00 

Feb.  27, 

u 

ii 

ii 

a 

a 

“ 27, 

u 

ii 

ii 

tt 

ii 

Mar.  31, 

u 

a 

ii 

a 

a 

“ 31, 

u 

a 

ii 

a 

tt 

Apr.  30, 

u 

a 

a 

a 

a 

“ 30, 

» 

ii 

a 

tt 

ii 

“ 30, 

u 

ii 

a 

a 

a 

May  28, 

n 

ii 

ii 

tt 

a 

31,' 

u 

ii 

a 

a 

tt 

June  30, 

it 

ii 

ii 

a 

it 

“ 30, 

it 

ii 

it 

a 

it 

July  29, 

u 

ii 

a 

a 

ii 

“ 31, 

u 

ii 

ii 

ii 

ii 

“ 31, 

u 

ii 

it 

it 

a 

4,000  00 

Aug.  31, 

u 

ii 

tt 

a 

ii 

16,770  00 

“ 31, 

u 

a 

it 

a 

a 

35,850  00 

Sep.  30, 

u 

ii 

ii 

a 

ii 

20,950  00 
85,800  00 
6,000  00 
18,160  00 
27,250  00 
4,000  00 
21,450  00 
23,400  00 

‘‘  30, 

u 

ii 

a 

it 

ii 

“ 30, 

u 

ii 

a 

it 

tt 

Oct.  30, 

u 

ii 

it 

a 

tt 

“ 30, 

tt 

ii 

it 

a 

ii 

“ 30, 

u 

ii 

ii 

it 

tt 

Nov.  30, 

u 

Li 

ii 

ii 

a 

“ 30, 

u 

ii 

ii 

a 

a 

Dec.  31, 

ii 

a 

a 

a 

14,280  00 

“ 31, 

u 

ii 

ii 

a 

ii 

17,700  00 

33,025  00 
24,050  00 

34.300  00 
40,650  00 

31.200  00 

33.300  00 

41.100  00 

38.250  00 
35,600  00 
28,875  00 

29.250  00 

21.200  00 

15.100  00 
24,200  00 
25,800  00 
30,000  00 

1848. 
Jan.  31, 

a 

ii 

ii 

ii 

Feb.  25, 

ii 

it 

ii 

ii 

ii 

Mar.  31, 

u 

ii 

it 

ii 

a 

Apr.  29, 

u 

ii 

a 

ii 

ii 

May  31, 

(( 

ii 

it 

a 

tt 

June  30, 

(( 

ii 

ii 

a 

ii 

July  31, 

u 

a 

ii 

ii 

a 

Aug.  31, 

u 

a 

ii 

it 

ii 

Sep.  30, 

u 

a 

a 

it 

a 

Oct.  31, 

u 

a 

a 

a 

ii 

Nov.  30, 

u 

a 

a 

ii 

a 

Dec.  30, 

u 

ii 

a 

a 

tt 

1849. 
Jan.  31, 

u 

it 

ii 

it 

a 

Feb.  28, 

u 

“ 

a 

it 

ii 

Mar.  31, 

a 

a 

a 

ii 

Apr.  30, 

“ S. 

F.  Belknap’s  Draft  on  Treasurer 

Carried  over 

$1,415,626  00 

TABLE  IV. 


135 


the  Vermont  Central  Railroad  Company.  Cr. 


1846. 


Feb.  28, 
Mar.  31, 
Apr.  30, 
May  31, 
June  30, 
July  31, 
Aug.  31, 
Sep.  30, 
Oct.  31, 
Nov.  30, 
Dec.  31, 


By  three-fourths  of  Engineer’s  Estimate, 


$10,000  00 

15.000  00 

18.000  00 

20,000  00 

42.000  00 

36.000  00 

29.000  00 

49.000  00 

45.000  00 

46.000  00 

36.000  00 


1847. 
Jan.  31, 
“ 31, 
Feb.  28, 
Mar.  31, 
Apr.  30, 
May  31, 
June  30, 
July  31, 
Aug.  31, 
Sep.  30, 
Oct.  31, 
Nov.  30, 
Dec.  31, 


u u 

ii  u 

u u 

U ii 

u u 

u u 

C(  u 

u u 

u u 

u u 

((  u 


ii  u 

u u 

u u 

u u 

U 

u 

u u 

ic 

U ii 

u u 


(on  above  at  tlie  new  prices,). 


u 

u 

u 

u 


61,550  00 
37,800  00 

36.580  00 

35.580  00 
29,250  00 
37,515  00 
44,260  00 

46.580  00 
52,620  00 
56,750  00 
45,410  00 
44,850  00 
31.980  00 


1848. 

Jan.  31,  “ 

Feb.  29,  “ 

Mar.  31,  “ 

Apr.  30,  “ 

May  31,  “ 

June  30,  “ 

July  31,  “ 

Aug.  31,  “ 

Sep.  30,  “ 

Oct.  31,  “ 

Nov.  30,  “ 

Dec.  31,  “ 


u u 

u u 

((  u 

((  u 

U il 

(I  u 

u u 

U (( 

(i  u 


U (( 

u u 

U il 

il  ll 

.1  ll 

il  ll 

ll  ll 

ll  ll 

il  ll 

il  ll 


33,025  00 
24,050  00 

57.300  00 
40,650  00 

31.200  00 

33.300  00 
41,100  00 

38.250  00 
35,600  00 
28,875  00 

29.250  00 

21.200  00 


1849. 

Jan.  31,  “ 

Feb.  28,  “ 

Mar.  31,  “ 

Apr.  30,  “ 

May  ) 
and  V “ 

June,  ) 


U 


U 


a 


n 

a 

u 

“ (final  estimate,), 


15,100  00 
24,200  00 
25,800  00 
30,000  00 

124,343  28 


Carried  ovei*, 


$1,539,968  28 


136 


TABLE  IV.  — (Continued.) 


Dr. 


S.  F.  Belknap  in  Account,  for  Construction,  with 


May 

and 

June, 


1848. 
Jan.  1, 

“ 1, 
Mar.  31, 
Apr.  29, 
May  31, 
June  30, 
July  31, 
Aug.  31, 
Sep.  30, 
Oct.  31, 
Nov.  30, 
Dec.  31, 

1849. 
Jan.  31, 
Feb.  28, 
Mar.  31, 
Apr.  30, 
June  30, 

“ 30, 

“ 30, 


Amount  brought  over, 

To  Sundry  Payments  from  President  at  Northfield,  cash 


Balance  of  Due  Bill, 

Dec.  1, 

1848, 

against  Belknap,. . 

$4,993  13 

S.  F. 

B.’s  Draft  on  Treasurer 

paid  Feb.  22,  1849,.  . . . 

1,000  00 

“ 

“ 

“ 26,  “ 

5,000  00 

u 

ii 

it 

ii 

29,  “ .... 

6,000  00 

u 

“ 

Mar.  11,  “ 

13,000  00 

It 

ii 

“ 

“ 13,  “ .... 

5,000  00 

“ 

ii 

ii 

“ 19,  “ .... 

7,000  00 

“ 

(4 

“ 

Apr.  11,  “ .... 

8,000  00 

“ 

U 

“ 

ii 

“ 13,  “ .... 

10,000  00 

U 

ii 

“ 

ii 

“ 15,  “ .... 

5,000  00 

“ 

ii 

it 

ii 

“ 18,  “ .... 

5,000  00 

it 

it 

ii 

“ 21,  “ .... 

3,000  00 

it 

ii 

it 

ii 

“ 22,  » .... 

4,000  00 

it 

ii 

“ 

ii 

Mav  11,  “ .... 

8,000  00 

“ 

ii 

13,  “ .... 

8,000  00 

it 

U 

ii 

“ 

ii 

“ 15,  “ .... 

8,000  00 

“ 

U 

“ 

ii 

“ 18,  “ .... 

6,000  00 

“ 

u 

it 

June  10,  “ .... 

5,000  00 

“ 

u 

ii 

it 

“ 12,  “ .... 

3,000  00 

it 

ii 

“ 

“ 15,  “ .... 

8,000  00 

“ 

ii 

it 

ii 

“ 17,  “ .... 

3,000  00 

“ 

it 

“ 18,  “ .... 

3,000  00 

“ 

it 

ii 

(( 

ii 

July  11,  “ .... 

16,000  00 

ii 

ii 

“ 

ii 

“ 12,  “ .... 

5,000  00 

it 

ii 

“ 

“ 15,  “ .... 

6,000  00 

“ 

it 

Aug.  10,  “ .... 

8,000  00 

“ 

it 

ii 

“ 12,  “ .... 

5,000  00 

“ 

“ 

ii 

“ 14,  “ .... 

3,000  00 

“ 

ii 

it 

“ 15,  “ .... 

5,000  00 

it 

it 

“ 17,  “ .... 

9,000  00 

To  Cash  at  sundry  times,  tIz: 

Dec.  11,  1848, $2,000  00,  loaned. 

Mar.  10,  1849, 2,000  00,  “ 

May  4,  “ 6,094  00,  paid  Jewett  for  him. 

June  4,  “ 3,906  00,  “ “ » “ 

“ 4,  “ 100  00,  at  Windsor. 

Bal.  of  Note  Mar.  12, ’47,  9,165  00,  for  loan. 

Sept.  1,  1848, 300  00,  paid  Jewett  for  him. 

Jan.  25,  1849, 241  67,  “ “ “ “ 

July  9,  1848, 10  00,  collected  for  Company  by  him. 


To  Engineer’s  Draft  on  Treasurer, 


U U 


“ S.  F.  Belknap’s  Drafts  on  Treasurer,  balance  brought  forward,. 
“ Balance  due  on  Stock, 


“ Bonds  loaned  him, 

“ Coupons  attached  to  Bonds,  paid  to  July  1,  1852,'. 


$1,415,625  00 
63,728  38 


186,993  13 


23,816  67 


$1,689,163  18 


$180,600  00 
33,400  00 
23,000  00 
8,100  00 
6,250  00 

6.650  00 

8,200  00 

7.650  00 
7,100  00 
5,775  00 
5,840  00 
4,225  00 

3,000  00 
4,830  00 
5,150  00 
149,194  90 
168,992  00 
289,200  00 
72,783  00 


$989,939  90 


TABLE  IV.  — (Continued.) 


137 


the  Vermont  Central  Railroad  Company.  Cr. 


Amount  brought  over,, 


$1,539,968  28 


By  Balance  carried  forward  to  debit  of  S.  F.  Belknap,  (being  balance 
of  his  Drafts  on  Treasurer,)  


149,194  90 


Note.  — The  Amount  of  $63,72^.38,  debited  to  Mr.  Belknap  as  cash 
from  the  President  at  Northfield,  was  for  payments  made  by  the  latter, 
in  accordance  with  a vote  of  the  Board  before  referred  to,  “ aiitliorising 
the  President  to  carry  on  the  work  of  construction  for  Mr.  Belknap’s 
account  during  his  sickness.” 


1849. 


June  30, 
“ 30, 
“ 30, 
“ 30, 


By  one-fourth,  or  Balance  of  Final  Estimate,. , 
“ Windsor  Depot,  for  award  of  A.  B.  Young,, 

“ Extra  Bills  allowed  by  the  Engineer, 

“ Balance  carried  forward  to  debit  of  S.  F.  B. 


$1,689,163  18 


$513,322  76 
14,196  56 
10,000  00 
452,420  58 


$989,939  90 


R 


138 


TABLE  IV.  — (Continued.) 


Dr. 


S.  F.  Belknap  in  Account^  for  Construction^  with 


To  Balance  brought  forward, 

! $452,420  58 

I 

“ Interest  on  his  Stock  Account,  at  6 per  cent.,  which  would  amount 

i 

to  about, 

1 100,000  00 

* 1 

1 1 

I 

TABLE  IV.  — (Continued.) 


139 


the  Vermont  Central  Railroad  Company. 


By  Amount  realised  from  sales  of  Collaterals  given  the  Company  by 
S.  F.  B 


“ Estimated  Value  of  his  Claim  against  the  Northern  (New  York) 
Eailroad  Company, 


“ The  value  of  the  Stock,  unpaid  for  hy  him,  which  is  still  in  the 
Company’s  hands,  and  must  be  credited  to  him  for  what  it  may 
sell  for,  (being  1847  Shares,)  against  the  charge  to  him  in  this 
account  of  the  balance  unpaid  on  his  subscription, 


Cr. 

$27,643  56 

25,000  00 


140 


TABLE  lY.  — (Continued.) 


It  -will  be  seen  that  tbe  Company  suffer,  as  shown  in  the  foregoing  account,  a loss 
of  about  8500,000  direct ; but  there  are  other  losses  not  so  distinctly  to  be  set  forth, 
but  which  may  be  alluded  to  here,  and  which  the  reader  can  judge  of  for  himself. 

The  amount  of  Simple  Interest  due  from  Mr.  Belknap  on  his  Stock,  would  be  about 

8100.000,  as  chairged  in  the  account  herewith ; but  it  cost  the  Company  three  times 
that  rate,  to  furnish  themselves  with  means  they  should  have  received  from  the 
payment  of  this  Stock.  This  would  then  add  about  8200,000  more  to  the  account  of 

8500.000,  as  made  up. 

The  Engineers  estimated  also,  that  it  would  require  at  least  8100,000  expenditure 
to  bring  the  road  into  the  finished  condition  in  which  hir.  Belknap  should  have 
left  it  according  to  his  contract.  As  such  estimates  are  almost  invariably  too  low, 
it  may  be  presumed  that  it  did  cost  the  Company  at  least  that  sum  for  the 
purpose. 

But  the  total  loss  to  the  Company  was  made  stiU  greater  by  the  fact,  that  this  sum, 
which  in  this  connection  is  assumed  to  be  about  8800,000,  could  only  be  replaced  by 
ultimate  sales  of  second  Mortgage  Bonds,  at  a loss  of  nearly  20  per  cent,  on  their  par 
value,  and  it  therefore  required  a sale  of  about  §1,000,000  of  these  Bonds ! 


TABLE  V. 


STATEMENT  IN  CONNECTION  WITH  THE  FOLLOWING 
ACCOUNT,  RELATING  TO  J.  QUINCY,  Jr. 

Entries  of  monies  obtained  by  Mr.  Quincy  for  tbe  Company,  were  made  upon  their 
Books  and  on  his  own,  in  cases  where  he  substituted  his  note  for  the  Corporation’s,  as 
“Loans  of  Cash  by  him  to  the  Vermont  Central  Bailroad  Company ; ” and  when 
these  substitutions  were  made,  he  retained  in  his  own  possession  the  Notes  of  the 
Corporation,  to  which  was  attached  Collateral,  and  he  offered  for  discount  to  the 
Banks  or  Brokers  his  own  private  notes,  giving  as  Collateral  with  them,  the  Bonds 
which  he  had  received  as  security  with  the  Corporation  Notes.  This  circumstance 
will  account  for  the  name  of  “ Loan  Account  ” given  to  the  following  table  ; which 
title  was  adopted  for  convenience,  and  because  the  same  name  was  given  to  these 
transactions  upon  the  Books  of  the  Company. 


142 


TABLE  V. 


Dr. 


Vermont  Central  Railroad  Company  in 


No. 

Time. 

Note, 

On  Demand, 1 

U 

u 

u 

u 

u 

u 

u 

u 

u 

u 

a 

u 

u 

u 

u 

87 

Memorandum, 

» 

Note, 

U 

u 

U 

u 

it 

U 

u 

u 

ii 

u 

(C 

u 

u 

u 

150 

» 

Memorandum, 

u 

Note, 

164 

u 

185 

“ 

Check, 

284 

Payable  Dec.  18,  . . 

U 

289 

“ “ 22, 

u 

290 

“ “ 29,  . . 

Note, 

189 

On  Demand 

218 

u 

Carried  forward. 

Where  discounted  for 

Mr.  Quincy. 

Amount 
Borrowed  by 

Vt.  CentraL 

Suffolk  Bank, 

$3,800  00 

U 

6,200  00 

Uncertain,  

3,000  00 

Merchants  Bank, 

10,500  00 

P.  P.  F.  Degrand, 

4,000  00 

Old  Colony  Bank, 

5,000  00 

P.  P.  F.  Degrand, 

2,000  00 

Union  Bank, 

10,000  00 

V.  C.  R.  R.  Dividend, 

2,500  00 

P.  P.  F.  Degrand, 

2,000  00 

Union  Bank, 

10,000  00 

Uncertain,  

5,000  00 

( l\Iass.  Hos.  Ins.  Co.,  Suffolk 

( QA  AAA  AA 

( Bank,  and  James  C.  Dunn, 

> 0U5UUU  UU 

Merchants  Bank, 

10,000  00 

f Shoe  and  Leather  Dealers 

( OA  AAA  AA 

( Bank,  and  Willis  & Co. 

f UU 

James  C.  Dunn, 

10,000  00 

P.  P.  F.  Degrand,  and  Div’d,. 

3,500  00 

Suffolk  Bank, 

9,000  00 

Merchants  Bank, 

10,000  00 

G.  Davis,  Treasurer, 

7,000  00 

J.  E.  Thayer  & Bro 

15,000  00 

Shoe  and  Leather  Dealers  B’k, 

5,000  00 

Suffolk  Bank, 

10,000  00 

P.  P.  F.  Degi-and, -. 

5,000  00 

New  England  Bank, 

9,000  00 

Union  Bank, 

10,000  00 

Willis  & Co 

11,496  85 

10,000  00 

“ 

10,000  00 

Union  Bank, 

10,000  00 

Vt.  Central  R.  R.  Co 

10,083  33 

$269,079  18 

1849. 
iept.  3, 

“ 4, 

“ L 

“ 10, 
“ 10, 
“ 13, 
“ 14, 


“ 19, 
“ 24, 
Oct.  2, 

“ 5, 

“ 13, 


15, 

16, 

“ 19, 

“ 22, 

Nov.  5, 

“ 

“ 13, 
“ 14, 

“ 19, 

“ 20, 

“ 21, 
“ 30, 
Dec.  10, 

“ 10, 
“ 10, 
“ 10, 


“ 12. 
“ 18, 


TABLE  V. 


143 


Loan  Account  with  Josiah  Quincy^  Jr. 


Cr. 


Eate  of 

Interest. 

Brokerage. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct.^ 
6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr,  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct, 

6 pr.  ct. 

12  pr.  ct. 

12  pr.  ct.  to  22d 
& 6 “ fr.  date 

1 pr.  ct.  100  00 

12  pr.  ct.  U)  29th 
4 6“  fr.  date 

6 pr.  ct. 

6 pr.  ct. 

him  by 
the  Vt. 
Central. 


Extra 

Interest. 


Simple 

Interest. 


Amount 
returned  by 
Vt.  Central. 


1849. 
Sept.  8 

“ 14 
“ 12 
“ 14 
“ 14 
Oct.  4 
Sep.  11 
“ 14 
“ 14 
Oct. 

“ 24 
Sep.  26 
“ 27 
Oct. 

“ 4 

u 4 

Dec.  7 
“ 8 
» 18 
Oct.  17 
“ 29 
“ 31 
Nov.  15 

1850. 
Oct.  31 

1849. 
Nov.  5 

“ 12 
“ 15 
“ 1 
“ 15 
Oct.  24 
Nov.  17 
Dec.  5 
“ 7 

Nov.  12 
“ 24 
“ 20 
“ 21 
“ 21 

1850. 
Jan.  15 

1849. 
Dec.  18 

U 7 
“ 11 
“ 12 
“ 19 
“ 18 

1850. 

Jan.  1 

1849. 
Dec.  29 

“ 31 

1850. 

Jan.  5 

Apr.  19 

1849. 
Dec.  28 

1850. 
Jan.  1 


$15  33 
40  00 


63  34 


$4  97 
"s  34 

12  33 

7 25 
2 67 
20  00 

13  67 


23  00 
6 25 
3 33 

ioo  08 

60  83 


99  42 
626  67 


81  34 


26  34 
1 17 


31  67 
5 00 
12  83 

is  83 
1 67 

93  33 

22  50 
10  50 


5 33 
15  33 


36  67 


36  08 
211  67 


18  81 


pd.  Willis  & Co. 

“ J.  Quincy,  Jr. 


pd.  Willis  & Co. 
J.  Quincy,  Jr. 


Canned  for  ward. 


$2,000  00 
1,800  00 
6,000  00 
200  00 
500  00 
2,500  00 
10,000  00 
500  00 

4.000  00 

5.000  00 

2.000  00 
6,000  00 
2,000  00 
2,000  00 

2.500  00 
2,000  00 
5,515  33 
4,484  67 

5.000  00 

1.500  00 
10,000  00 
12,000  00 

6.500  00 

10,000  00 

10,000  00 

4.000  00 

6.000  00 
8,000  00 
2,000  00 

3.500  00 

4.500  00 

4.000  00 
500  00 

10,000  00 

7.000  00 

10,000  00 

5.000  00 
5,000  00 

10,000  00 

5.000  00 

9.000  00 

2.000  00 
6,000  00 
2,000  00 

11,495  85 


10,000  00 

3,000  00 

4.500  00 

2.500  00 

10,000  00 

7,083  33 
3,000  00 
$269,079  18 


/Over 
( charg’d 


( Over 
^ charg’d 


144 


TABLE  V.  — (Continued.) 


Dr.  Vermont  Central  Railroad  Company  in 


No. 

Time. 

Where  discounted  for 

Mr.  Quincy. 

Brought  forwatd. 

Dec.  18, 

Note, 

219 

Uncertain, 

“ 18, 

221 

Merchants  Bank, 

1850. 
Jan.  2, 

(( 

250 

it 

H.  H.  Hnnnewell, 

“ 

(( 

270 

it 

Globe  B’k,  and  V.  C.  R.  R.  Co. 

“ 9, 

U 

279 

it 

Suffolk  Bank, 

“ 21, 

li 

293 

30  days, 

Richard  Bell, 

Feb.  8, 

it 

351 

Suffolk  Bank, 

“ 27, 

U 

381 

Union  Bank, 

Mar.  8' 

“ 11? 

398i 

476 

it 

Payable  Mar.  22,  . . 
“ “ 26,  . . 

Willis  & Co.  ... 

“ 11, 

“ 14, 

u 

Note, 

477 

3991 

400 

tt 

TTneertnjn^  

» 15, 

'it 

H.  H.  Hunnewell, 

“ 16, 

Note, 

4031 

494 

On  Demand, 

Sayles,  Merriam  & Brewer,  . . 
Willis  & Co 

“ 21, 

Check, 

1 dav 

“ 22, 

Note, 

407i 

497 

On  Demand, 

Suffolk  Bank, 

“ 23, 

Check, 

Payable  Apr.  6,  . . . 
On  Demand, 

Willis  & Co 

“ 23, 

it 

498 

tt 

“ 26, 

it 

501 

(Payable  Apr.  11,) 
)Ext’dto  “ 30,1 

u 

“ 26, 

it 

502 

Payable  “ 18,  . 

tt 

“ 26, 

i( 

25 

On  Demand, 

Merchants  Bank, 

“ 30, 

Note, 

4281 

4301 

4311 

4341 

4351 

4381 

4891 

490^ 

491^ 

4921 

4931 

494^ 

495^ 

it 

Robert  Farlev,  . . 

Apr.  4, 

it 

G.  Davis,  Treasurer, 

“ 5, 

it 

Merchants  Bank, 

“ 8, 

it 

it 

Willis  & Co 

“ 9, 

it 

it 

Uncertain,  

“ 12, 
May  1, 

it 

;; 

tt 

G.  Davis,  Treasurer, 

“ 1, 

it 

H.  H.  Hunnewell, 

“ 2, 

ii 

it 

W.  T.  Eustis, 

“ 2, 

it 

G.  Davis,  Treasurer, 

“ 3, 

“ 10, 

it 

it 

S.  Brown  & Sons. 

“ 10, 

it 

tt 

G.  Davis,  Treasurer, 

“ 11, 

it 

496^ 

it 

H.  H.  Hunnewell, 

CaiTled  forward. 

Amount 
Borrowed  by 
Vt.  Central. 


$269,079  18 

2,000  00 

10,000  00 


10,000  00 

20,000  00 

10,000  00 

30.000  00 

10.000  00 


10,000  00 

10,000  00 

7.000  00 

3.000  00 

5.000  00 
18,600  00 


10,000  00 

9.464  75 

10,000  00 

3.464  75 
6,040  88 


5,000  00 

5.000  00 
10,025  00 

6.000  00 

2,600  00 

4.000  00 

3.000  00 

3,000  00 


1,200  00 

5,843  90 


3,150  32 

10,000  00 
3,662  56 
3,084  26 
2,117  38 
9,220  43 


11,000  00 


$541,553  41 


TABLE  V.  — (Continued.) 


145 


Loan  Account  with  Josiah  Quincy^  Jr.  Cr. 


When  re- 
turned to 
him  by 
the  Vt. 
Central. 

Rate  of 

Interest. 

Brokerage. 

Extra 

Interest. 

Simple 

Interest. 

Amount 

returned  by 

Tt.  Central. 

1849. 

Bro’ght  for 

Ward,  .... 

$268,079  18 
2,000  00 

Dec.  19 

6 pr.  ct. 

6 pr.  ct. 

$0  33 

“ 18 

2,000  00 
4,000  00 
4,000  00 

» 27 

“ 28 

12  67 

1850. 
Jan.  3 

6 pr.  ct. 

6 pr.  ct. 

1 67 

10,000  00 

“ 5 

9,500  00 
10,500  00 

“ 7 

3 50 

Apr.  18 
Mar.  6 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

165  00 

10,000  00 

220  00 

30,000  00 
2,589  00 
5,d00  00 
2,000  00 
411  00 

Apr.  5 
May  27 
June  12 

“ 25 

166  55 

Mar.  26 

6 pr.  ct. 

6 pr.  ct. 
18  pr.  ct. 
18  pr.  ct. 

6 pr.  ct. 

45  00 

10,000  00 

“ 16 

13  33 

10,000  00 

7.000  00 

3.000  00 

5.000  00 
990  00 

“ 26 
“ 26 
Apr.  19 

$35  00 

15  00 

17  50 

7 50 

29  17 

pd.  Willis  & Co.  . . 
a 

Mar.  23 
Apr.  17 
“ 28 

3,500  00 
3,000  00 

“ 29 

2,548  50 
8,561  50 
10,000  00 

May  1 
Mar.  22 

18  pr.  ct. 

6 pr.  ct. 

i pr.  ct.  46  50 

257  48 

128  74 

10  00 

pd.  H.  H.  Hunnewell 

teleg’ph,  1 16 
37  50 

9.464  75 
10,000  00 

3.464  75 

“ 23 

“ 26 

18  pr.  ct. 

6 pr.  ct. 
18  pr.  ct. 

’*6  32 

’ *3  16 

6 67 

pd,  Willis  & Co.  . . 

Apr.  17 

to  Apr.  6,  16  16 

5 15 

to  Apr.  6,  8 08 
to  Apr.  17,  6 35 

pd.  Willis  & Co.  . . 

Mar.  23 

3,000  00 

“ 29 

3,000  00 

Apr.  30 

to  Mar.  25,  6 00 

40  88 

/Over 

6 pr.  ct. 

3 25 

/charg’d 

“ 30 

30 

to  Apr.  11,  26  66 

to  Apr.  11,  13  33 

5,000  00 

5,000  00 

18  pr.  ct. 
18  pr.  ct. 

6 pr.  ct. 

to  Apr.  30,  31  67 
to  Apr.  18,  38  34 

to  Apr.  30,  15  83 
to  Apr.  18,  9 97 
to  Apr.  30,  10  00 

pd.  Willis  & ho.  . . 

“ 1 

10,000  00 
25  00 

“ 4 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

25*00 

10  02 

2 00 

“ 1 

6,000  00 

/Under 
/ charg'd 

“ 18 
“ 19 

6 07 

9 33 

4 50 

pd.  but  $5.07,  error. 

2,600  00 

4.000  00 

3.000  00 
327  58 

“ 17 

“ 17 

“ 19 

1,846  40 
826-  02 
1,200  00 
4,134  16 
1,000  00 
709  74 

“ 30 
“ 19 

6 pr.  ct. 

’*6  41 

1 40 

pd.  $6.68,  error,  . . . 

/ Over 
/ charged 

May  11 
“ 29 

6 pr.  ct. 

June  5 

*15  70 

to  May  23,  11  65 
to  June  5»  6 87 

“ 5 

12  pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

to  May  23,  11  55 

pd.  H.  H.  Hunnewell 
pd.  Quincy, 

3,150  32 

May  14 
“ 15 

20  00 

10,000  00 
3,662  56 
3,084  26 
2,117  38 
5,220  43 
700  00 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

7 93 

“ 15 

6 16 

“ 15 

1 76 

“ 21 

“ 22 

June  5 
May  11 
“ 15 

*25  27 

3,300  00 

6 pr.  ct. 

5,152  50 

4,000  00 
1,119  95 

» 16 

Carried  for 

ward, 

$540,825  86 

s 


146 


TABLE  V.  — (Continued.) 


Dr.  Vermont  Central  Railroad  Company  in 


Where  discounted  for 

Amount 

No. 

Time. 

Mr.  Quincy. 

borrowed  by 

Vt.  Central. 

Brought  forward. 

$541,553  41 

May  18, 

521^ 

( New  England  Bank,  and  ) 

1 G.  Davis,  Treasurer, ) 

8,500  00 

“ 25, 

u 

44 

TTncertain, 

7.000  00 

3.000  00 

“ 28, 

u 

537i 

538^ 

44 

Willis  & Co 

“ 29, 

u 

44 

44 

7,000  00 

“ 30, 

U 

539^ 

640^ 

655i 

659^ 

560^ 

573| 

674^ 

44 

H.  L.  Jacques, 

3,000  00 

“ 31, 

iL 

44 

James  C.  Dunn, 

10,000  00 

June  11, 

U 

44 

Union  Bank, 

10,000  00 

“ 15, 

U 

44 

H.  H.  Hunnewell, 

15.000  00 

12.000  00 

2,300  00 
5,000  00 

“ 15, 

U 

44 

H.  M.  Holbrook, 

“ 20, 

44 

Uncertain, 

“ 22, 

u 

44 

44 

July  5, 

“ 23, 

i( 

632^ 

641i 

645^ 

647i 

660 

44 

Hamilton  Bank, 

20,000  00 

4.000  00 

5,432  90 
2,300  00 

5.000  00 

u 

Uncertain, 

“ 25, 

u 

44 

G.  Davis,  Treasurer, 

“ 27, 

(£ 

44 

Uncertain, 

Aug.  1, 

44 

44 

“ 3, 

684^ 

44 

P.  P.  F.  Degrand, 

8,000  00 

“ 3, 

a 

685 

“ 

Amer.  Exchange  B’k,  N.  Y. . . 

40,000  00 

“ 13, 

u 

697^ 

7l0i 

712i 

714 

44 

Wm.  T.  Eustis, 

8,000  00 
8,000  00 
19,900  00 
4,200  00 
10,000  00 

“ 23, 

u 

44 

Wm.  F.  Weld, 

“ 23, 

u 

44 

Robert  Farley, 

“ 24, 

u 

4 months. 

“ 24, 

u 

715 

2 “ 

44 

“ 28, 

a 

727 

4 ^ “ 

44 

2,800  00 

2,200  00 

“ 28, 

a 

728 

4 “ 

44 

“ 30, 

u 

729 

4 “ 

44 

5,000  00 

“ 30, 

730 

6 “ 

44 

5.000  00 

2.000  00 
2,000  00 

“ 31, 

4C 

731 

6 “ 

44 

“ 31, 

U 

732 

6 “ 

44 

Sept.  2, 

u 

725i 

726i 

733i 

734 

On  Demand, 

H.  M.  Holbrook, 

10,000  00 
5,000  00 

“ 4, 

u 

u 

Wm.  F.  Weld, 

“ 9, 

u 

li 

Suffolk  Bank, 

9,845  00 

“ 16, 

u 

4 months, 

Robert  Farley, 

13,000  00 

4.000  00 

3.000  00 

» 16, 

u 

735 

4 “ 

44 

“ 16, 

(4 

736 

4 “ 

44 

Oct.  7, 

U 

On  Demand, 

Bank  of  Commoroo,  

10,000  00 

30.000  00 

20.000  00 

“ 9, 

44 

44  ' 

James  C.  Dunn, 

» 14, 

44 

44 

Hamilton  Bank, 

Carried  forward. 

$883,031  31 

TABLE  IV.  — (Continued.) 


147 


Loan  Account  with  Josiah  Quincy^  Jr. 


Cr. 


When  re- 
turned to 
him  by 
the  Vt. 
Central. 

Rate  of 

Interest 

Brokerage. 

Extra 

Interest. 

Simple 

Interest. 

Amount 

returned  by 

Vt.  Central. 

Bro’glit  for 

ward,  . . . . 

$540,825  86 

$6  63 

727  55 

“ 5 

6 pr.  ct. 

5,034  82 

“ 13 

30  12 

3,465  18 

Oct.  31 

6 pr.  ct. 

182  00 

7,000  00 

June  13 

6 pr.  ct. 

8 00 

3,000  00 

“ 24 

6 pr.  ct. 

700  00 

“ 25 

1,200  00 

“ 28 

33  93 

5,100  00 

July  1 

6 pr.  ct. 

16  00 

3,000  00 

June  12 

6 pr.  ct. 

20  00 

10,000  00 

“ 13 

6 pr.  ct. 

3 33 

10,000  00 

“ 28 

4,900  00 

July  1 

9,984  00 

5 

6 pr.  ct. 

37  63 

116  00 

8,000  00 

“ 24 

6 pr.  ct. 

ii  33 

4,000  00 

6 pr.  ct. 

5 75 

2,300  00 

5 

6 pr.  ct. 

10  83 

5,000  00 

“ 5 

3,000  00 

“ 12 

10,500  00 

» 15 

5,000  00 

Auff.  5 

6 pr.  ct. 

28  33 

1,500  00 

“ 5 

1,028  81 

“ 12 

6 pr.  ct. 

i2  is 

2,971  19 

“ 5 

6 pr.  ct. 

9 96 

5,432  90 

July  29 

6 pr.  ct. 

0 77 

pd.  but  $0.70, 

2,300  00 

/Under 
\ charg’d 

Oct.  31 

6 pr.  ct. 

75  00 

5,000  00 

Aug.  9 

6,000  00 

“ 12 

6 pr.  ct. 

' *9  66 

2,000  00 

“ 12 

4,007  68 

“ 16 

31,400  00 

“ 20 

3,000  00 

“ 22 

6 pr.  ct. 

*87  58 

1,592  32 

“ 22 

6 pr.  ct. 

12  00 

8,000  00 

“ 24 

9 pr.  ct. 

$6  67 

1 33 

8,000  00 

“ 24 

9 pr.  ct. 

1 66 

3 32 

19,900  00 

Dec.  27 

9 pr.  ct. 

i'pr.’ct."2i’()6 

43  05 

86  10 

4,200  00 

Oct.  29 

1,000  00 

Nov.  9 

9 pr  ct  to  Oct  27 

1 pr.  ct.  50  00 

to  Oct.  27,  62  60 

to  Oct.  27, 105  00 

pd.  Farley, 

9,000  00 

6 pr.  ct. 

fr.  Oct.  27,  19  83 

pd.  J.  Quincy,  Jr.  . 

Dec.  31 

9 pr.  ct. 

i pr.  ct.  14  00 

*28  70 

57  40 

2,800  00 

31 

9 pr.  ct. 

\ pr.  ct.  11  00 

22  55 

45  10 

2,200  00 

1851. 

Jan.  2 

9 pr.  ct. 

^ pr.  ct.  25  00 

51  25 

102  50 

5,000  00 

Mar.  2 

9 pr.  ct. 

1 pr.  ct.  25  00 

76  25 

152  50 

5,000  00 

“ 3 

9 pr.  ct. 

^ pr.  ct.  10  00 

30  50 

61  00 

2,000  00 

“ 3 

9 pr.  ct. 

^ pr.  ct.  10  00 

30  50 

61  00 

2,000  00 

1850. 

Sept.  7 

6 pr.  ct. 

8 33 

10,000  00 

“ 10 

4,700  00 

“ 17 

6 pr.  ct. 

**5  35 

300  00 

“ 17 

6 pr.  ct. 

13  12 

9,845  00 

1851. 

Jan.  19 

9 pr.  ct. 

\ pr.  ct.  65  00 

133  25 

266  50 

13,000  00 

“ 19 

9 pr.  ct. 

^ pr.  ct.  20  00 

41  00 

82  00 

4,000  00 

“ 19 

9 pr.  ct. 

\ pr.  ct.  15  00 

30  75 

61  60 

3,000  00 

1850. 

Oct.  9 

6 pr.  ct. 

3 33 

10,000  00 

“ 11 

17,000  00 

“ 15 

5,000  00 

“ 18 

6 pr.  ct. 

*22  67 

8,000  00 

“ 17 

10,000  00 

“ 22 

1,045  00 

Carried  for! 

ward,  .... 

$874,076  31 

148 


TABLE  V.  — (Continued.) 


Dr.  Vermont  Central  Railroad  Company  in 


' 

No. 

Time. 

Where  discounted  for 

Mr'  Quincy. 

Brought  forward. 

Oct.  21, 

Note, 

On  Demand, 

Suffolk  Bank, 

ii 

Wm.  T.  Eustis, 

T)ftc.  23, 

ti 

ii 

TTncertain,  

» 28, 

u 

756 

ii 

Wm.  F.  Weld, 

1851. 

u 

ii 

TTncertain,  

“ 2, 

u 

ii 

Willis  & Co 

“ 4, 

u 

a 

Bank  of  Commerce, 

“ 6, 

u 

ii 

TTncertain,  

“ 7, 

It 

it, 

Willis  & Co 

“ 13, 

u 

ii 

ii 

“ 16, 

(( 

ii 

Massachusetts  TJanlCj  . . 

“ 18, 

u 

778 

ti 

Robert  Farley,  

“ 18, 

ii 

Bovlston  Bank, 

“ 18, 

u 

ii 

Mass.  Hos.  Life  Ins.  Co.  .... 

“ 20, 

u 

ii 

C.  A.  Read, 

“ 22, 

u 

ii 

Willis  & Co 

“ 23, 

ii 

1 

! u 

Wm.  T.  Eustis, 

“ 24, 

u 

779 

23d,  60  days, 

John  Hancock  Bank, 

Feb.  1, 

ii 

793 

Payable  Apr.  5,  . . 

Bank  of  Commerce, 

“ 1, 

ii 

794 

“ ’ “ 2,  . 

a ’ 

“ L 

ii 

795 

“ “ 10,  . . 

a 

“ 13, 

ii 

On  Demand, 

V.  C.  R.  R.  Co 

“ 14, 

ii 

ii 

Willis  & Co 

« 15, 

ii 

it 

ii 

“ 15, 

ii 

a 

Willis  & Co.  or  H.  M.  Holbrook, 

“ 15, 

ii 

a 

“ 22, 

ii 

ii 

Suffolk,  or  Bank  of  Commerce, 

“ 25, 

u 

ii 

( Robert  & Williams,  and  ) 

1 Moses  Taylor  & Co ) 

Mar.  1, 

ii 

n 

S.  & W.  Welsh, 

“ 1, 

ii 

820 

3 months, 

Willis  & Co. 

“ 1, 

ii 

821 

ii 

“ 1, 

ii 

822 

ii 

ii 

“ 1> 

ii 

823 

ii 

ii 

" 1, 

ii 

824 

ii 

a 

“ 4, 

ii 

On  Demand, 

Clement  Willis, 

“ 8, 

ii 

G.  Davis,  Treasurer, 

“ 11, 

a 

a 

1 L.  T.  Stoddard,  and  G.  ) 

( Davis,  Treasurer, | 

“ 13, 

ii 

a 

Uncertain,  ....  , 

“ 14,; 

a 

ii 

S.  Brown  & Sons, 

Carried  forward, 

Amount 
borrowed  by 
Vt.  Central. 


$883,031  31 

10,000  00 

12,000  00 


4,854  06 

10,643  10 

977  34 
10,000  00 
30,000  00 


9.000  00 

7.000  00 


6,000  00 

10,000  00 

10,000  00 

10,000  00 

10,000  00 


6,347  00 

9,000  00 

15.000  00 

10.000  00 

20,000  00 

20,000  00 

20,000  00 

15,299  66 


5,000  00 
14,629  05 
4,500  00 
1,400  00 
6,681  27 

40,000  00 


5.000  00 

10,000  00 

10,000  00 

10,000  00 

10,000  00 

10,000  00 

3.000  00 
5,003  04 

6,682  35 


2,000  00 

2,041  95 


$1,285,090  13 


TABLE  V.  — (Continued.) 


149 


Loan  Account  with  Josiah  Quincy^  Jr, 


Cr. 


When  re- 
turned to 
him  by 
the  Vt. 
Central. 

Eate  of 

Interest. 

Brokerage. 

Extra 

Interest. 

Simple 

Interest. 

Amount 

returned  by 

Vt.  Central. 

Bro’ght  for 

ward,  .... 

$874,076  31 

Oct.  29 

6 pr.  ct. 

i pr.  ct.  $5  00 

^28  78 

pd.  J.  Q.,  Jr.  $34.94 

8,955  00 

“ 31 

6 pr.  ct. 

16  66 

10,000  00 

Nov.  9 

980  li 

“ 11 

6 pr.  ct. 

ii  67 

11,019  83 

1851. 

4,492  66 

“ 10 

6 pr.  ct. 

13  06 

pd.  J.  Q.  but  $11.40 

361  40 

June  27 

8 pr.  ct. 

107  02 

321  06 

10,643  10 

Jan.  10 

6 pr.  ct. 

1 46 

977  34 

“ 6 

8,000  00 

“ 8 

6 pr.  ct. 

* 7 34 

2,000  00 

“ 10 

13,648  40 

“ 14 

7,821  11 

“ 16 

6 pr.  ct. 

*43  74 

8,530  49 

“ 17 

3,200  00 

“ 18 

6 pr.  ct. 

*17  47 

pd.  but  $17.03, 

5,800  00 

“ 18 

51  30 

“ 20 

5,383  97 

Feb.  1 

6 pr.  ct. 

’is  26 

1,564  73 

Jan.  14 

6 pr.  ct. 

1 00 

pd.  J.  Q.,  Jr.  nothing 

6,000  00 

“ 20 

6 pr.  ct. 

6 67 

10,000  00 

Mar.  3 

15  00 

15  00 

29  17 

58  33 

10,000  00 

Jan.  20 

6 pr.  ct. 

3 33 

. . 

10,000  00 

“ 20 

2,500  00 

“ 31 

3,553  33 

Feb.  1 

6 pr.  ct. 

ii  75 

3,946  67 

“ 1 

6 pr.  ct. 

12  69 

6,347  00 

Jan.  31 

4,980  00 

Feb.  1 

6 pr.  ct. 

ii  ii 

4,020  00 

Jan.  31 

6 pr.  ct. 

20  00 

15,000  00 

Mar.  27 

9 pr.  ct.  62  days 

51  67 

103  33 

10,000  00 

Feb.  13 

9 pr.  ct. 

20  00 

40  00 

20,000  00 

“ 13 

9 pr.  ct. 

20  00 

40  00 

20,000  00 

“ 13 

9 pr.  ct. 

20  00 

40  00 

20,000  00 

“ 18 

12,000  00 

“ 19 

1,361  20 

“ 20 

6 pr.  ct. 

’is  62 

1,938  46 

“ 20 

6 pr.  ct. 

5 00 

5,000  00 

» 19 

6 pr.  ct. 

9 75 

14,629  05 

“ 20 

6 pr.  ct. 

3 75 

4,500  00 

“ 20 

6 pr.  ct. 

1 17 

1,400  00 

“ 22 

2,500  00 

“ 24 

6 pr.  ct. 

”i  39 

4,181  27 

“ 26 

20,000  00 

“ 28 

2,500  00 

Mar.  1 

8,502  00 

“ 5 

4,200  00 

“ 11 

6 pr.  ct. 

’2i  06 

4,798  00 

“ 8 

4,000  00 

Apr.  2 

6 pr.  ct. 

’io  00 

1,000  00 

June  4 

10  pr.  ct. 

I pr.  ct.  37  50 

i03  33 

155  00 

10,000  00 

“ 4 

10  pr.  ct. 

1 pr.  ct.  37  50 

103  34 

155  00 

* 

10,000  00 

“ 4 

10  pr.  ct. 

pr.  ct.  37  50 

103  33 

155  00 

10,000  00 

“ 4 

10  pr.  ct. 

f pr.  ct.  37  50 

103  34 

155  00 

10,000  00 

“ 4 

10  pr.  ct. 

1 pr.  ct.  37  50 

103  33 

155  00 

10,000  00 

Mar.  7 

6 pr.  ct. 

1 50 

' 3,000  00 

“ 11 

6 pr.  ct. 

2 50 

5,003  04 

“ 12 

809  40 

Apr.  1 

2,000  00 

“ 2 

6 pr.  ct. 

'si  3.3 

3,872  95 

“ 30 

6 pr.  ct 

16  00 

2,000  00 

“ 2 

6 pr.  ct. 

6 46 

2,041  95 

Carried  for 

ward,  .... 

$1,285,090  13 

( Over 
\ charg’d 


C Under 
\ charg’d 


/Under 
( charg’d 


/Under 
\ charg’d 


150 


TABLE  V. — (Continued.) 


Dr.  Vermont  Central  Railroad  Company  in 


No. 

Time. 

Where  discounted  for 

Mr.  Quincy. 

Brought  forward. 

Mnr.  IS 

S.  Henshaw  & Son, 

u 

17, 

it 

838 

Joseph  Eaton, 

u 

21, 

it 

841 

Robert  Farley, 

ll 

21, 

it 

tt 

Uncertain, 

u 

22, 

it 

tt 

G.  Davis,  Treasurer, 

( C.  A.  Reed,  Levi  Folsom,  1 

24, 

1 and  G.  Davis,  Treasurer,.  | 

15, 

it 

G.  B.  Upton,  or  R.  Huntington, 

u 

26. 

tt 

845 

Mervin  & Gould, 

u 

26, 

(t 

847 

On  Demand, 

H.  M.  Holbrook, 

(( 

26, 

Ct 

848 

S.  Brown  & Sons, 

» 

27, 

844 

24th,  6 months,. . . . 

Wm.  H.  Foster, 

u 

27, 

u 

849 

60  days, 

John  Hancock  Bank, 

u 

27, 

tt 

Hamilton  Bank, 

28, 

tt 

846 

26th,  90  days  

ATervin  & Gould, 

Apr. 

1, 

U 

855 

3 months, 

Greenfield  Bank, 

1, 

tt 

856 

4 months, 

tt 

u 

6, 

tt 

On  Demand, 

TTnion  Rarikj 

u 

7, 

tt 

(( 

Uncertain, 

u 

8, 

tt 

u 

u 

9, 

tt 

870 

6 months, 

Wm.  H.  Foster, 

u 

9, 

tt 

871 

6 “ 

tt 

u 

11, 

tt 

874 

12  “ 

H.  F.  Sumner, 

a 

18, 

tt 

875 

4 “ 

Union  Bank, 

u 

24, 

tt 

878 

4 “ 

N.  Peirce, 

May 

1, 

tt 

On  Demand, 

Wm.  H.  Foster, 

u 

1, 

tt 

tt 

tt 

(( 

6, 

tt 

tt 

V.  C.  E.  R.  Company, 

u 

10, 

tt 

tt 

S.  Brown  & Sons, 

u 

19, 

tt 

tt 

Suffolk  Bank, 

it 

20, 

tt 

V.  C.  R.  R.  Company, 

it 

21, 

tt 

tt 

Wm.  H.  Foster, 

21, 

tt 

tt 

C.  A.  Read, 

it 

29, 

tt 

tt 

Wm.'T.  Fnstis  . . 

June 

! 4, 

tt 

tt 

Willis  & Co 

it 

4, 

tt 

tt 

Underwood  lir.  Sons 

it 

4, 

tt 

tt 

Vt.  Sir.  Canada.  R.  R.  Co. 

it 

U 

Rockport  B’k,  and  J.  Quincy, . 

** 

7, 

tt 

896 

6 months, 

WiUis  & Co : 

it 

L 

tt 

897 

tt 

tt 

13, 

On  Demand, 

S.  Henshaw  & Son, 

Amount 
Borrowed  by 
Vt.  Central. 


$1,285,090  13 
15,000  00 


5.000  00 

30.000  00 

3.000  00 

22.000  00 


6,648  3r 


10,000  00 

10,000  00 

10,000  00 

2,500  00 

10,000  00 

10,000  00 

20,000  00 

10,000  00 

5,000  00 

5.000  00 

10,000  00 

1.000  00 

4.000  00 

3.000  00 

5.000  00 
12,850  00 

10,000  00 

10,000  00 

5,802  34 


6,000  00 

3.000  00 

14.000  00 

4.000  00 

30.000  00 


14,501  25 
9,667  50 

15.000  00 

10.000  00 

19,474  38 

50,000  00 


7,600  00 

6,000  00 

5,000  00 

30,000  00 


$1,742,033  97 


TABLE  V.  — (Continued.) 


151 


Loan  Account  with  Josiah  Quincy^  Jr. 


Cr. 


When  re- 
turned to 
him  by 
the  Vt. 
Central. 

Kate  of 

Interest. 

Brokerage. 

Extra 

Interest. 

Simple 

Interest. 

Amount 

returned  by 

Vt.  Central. 

Bro’ght  for 

$1,285,090  13 
2,000  00 
9,970  00 
3,030  00 
5,000  00 

30.000  00 
1,500  00 
1,500  00 
1,428  37 

20.000  00 
571  63 

Mar.  29 

Apr.  5 
“ 9 

6 pr.  ct. 

9 pr.  ct. 
12  pr.  ct. 

52  19 

June  27 

^pr.  ct.  $12  50 
^ pr.  ct.  75  00 

$76  25 

152  50 

May  20 
Apr.  4 
“ 9 

300  00 

300  00 

6 pr.  ct. 

8 25 

Mar.  22 

“ 25 

Apr.  2 
“ 2 

6 pr.  ct. 

ii  05 

4,499  96 
1,148  41 
10,000  00 

10,000  00 

10,000  00 

“ 9 

6 pr.  ct. 

6 pr.  ct. 

9 81 

Apr.  9 
June  27 

“ 27 

25  00 

^ pr.  ct.  12  50 
i pr.  ct.  12  50 

pd.  W.  H.  Foster,. . 
pd.  Mervin  & Gould 

9 pr.  ct. 

102  50 

98  33 

205  66 

98  33 

Oprctto  June27 

9 pr.  ct. 

28  33 

56  66 

“ 27 

i pr.  ct.  6 25 
teleg’ph,  1 35 
1 pr.  ct.  25  00 
1 pr.  ct.  25  00 

50  62 

101  25 

2,500  00 
10,000  00 

“ 27 

9 pr.  ct. 

9 pr.  ct. 

6 pr.  ct. 

125  00 

250  66 

May  29 
Apr.  5 

June  27 

“ 27 
“ 27 
Apr.  9 
“ 15 

52  50 

105  00 

10,000  00 
20,000  00 

10,000  00 
5,000  00 

30  00 

^ pr.  ct.  12  50 
^ pr.  ct.  12  50 
i pr.  ct.  12  50 
i pr.  ct.  12  50 

pd.  W.  H.  Foster, . . 
pd.  Mervin  & Gould 

9 pr.  ct. 

9 pr.  ct. 

9 pr.  ct. 

75  83 

38  75 

isi  67 

77  50 

51  25 

102  50 

5,000  00 
9,226  34 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

9 pr.  ct. 
10  pr.  ct. 
10  pr.  ct. 

6 pr.  ct. 

9 pr.  ct. 

7 74 

773  66 

“ 15 

1 13 

1,0'00  00 

“ 15 

4 67 

4,000-  00 

3.000  00 

5.000  00 
12,850  00 
10,000  00 
10,000  00 

1,300  00 

June  27 
“ 27 
“ 27 
“ 27 
“ 27 
May  2 
“ 3 

i pr.  ct.  7 50 
-}  pr.  ct.  12  50 

^ pr.  ct.  50  00 
i pr.  ct.  25  00 

*45  75 

76  25 
518  29 

91  50 

152  50 

f Under 
( charg’d 

777  43 
205  00 

pd.  but  $1,294.61,  . 

102  50 

205  00 

1,830  24 

“ 5 

2,496  67 

» 13 
“ 5 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

2 85 

175  43 

3 33 

5.000  00 

3.000  00 

“ 13 

3 50 

“ 13 

6,818  22 

“ 15 

8 pr.  ct. 

6 pr.  ct. 

' 3 is 

*9  38 

7,181  78 

June  4 
May  24 
“ 28 

10  67 

4,000  00 

10,000  00 

12,500  00 

June  4 
“ 10 
“ 27 
“ 27 
“ 27 
“ 4 

4,439  39 

2,000  00 

9 pr.  ct. 

9 pr.  ct. 

9 pr.  ct. 

6 pr.  ct. 

8 pr.  ct. 

8 pr.  ct. 

i pr.  ct.  75  00 

24  08 

44  71 

29  81 

’48  15 

89  43 

1,060  61 
14,501  25 
9,667  50 

15.000  00 

10.000  00 
19,474  38 

I pr.  ct.  24  17 

59  62 

15  00 

July  5 
June  27 
“ 12 

'ii  22 

24  88 

51  67 

74  65 

5,000  00 

“ 13 
“ 17 
“ 26 
“ 27 
“ 27 
“ 27 
» 27 
“ 27 

25,000  00 

10,000  00 

2,625  42 

8 pr.  ct. 

8 pr.  ct. 

8 pr.  ct. 

8 pr.  ct. 

6 pr.  ct. 

'34  58 

8 33 

1 50  83 

1 50  84 

103  73 

7,374  58 

25  00 

7,500  00 

1 pr.  ct.  12  50 
^ pr.  ct.  12  50 

152  50 

5,000  00 
5,000  00 

152  50 

1 

70  00 

30,000  00 

1 

Carried  for 

■ ward,  . . . . 

$1,742,033  97 

152 


TABLE  V.  — (Continued.) 


De.  Vermont  Central  Railroad  Company  in 


No. 

Time. 

Where  discounted  for 

Mr,  Quincy. 

Amount 
Borrowed  by 
Vt.  Central. 

Brought  forward. 

$1,742,033  97 

June  13, 

Note, 

On  Demand, 

Vt.  & CanMa  R.  R.  Company, 

13,000  00 

^ 14' 

U 

Willis  & Co 

14,000  00 

“ 16, 

u 

U 

Vt.  & Canada  R.  R.  Company, 

4,000  00 

“ 17, 

u 

898 

8 months, 

Willis  & Co 

10,000  00 

» 17, 

u 

899 

((  ' 

S.  Brown  & Son, 

6,000  00 

“ 18, 

u 

On  Demand, 

C.  A.  Read, 

3,500  00 

“ 19, 

u 

(( 

Willis  & Co 

1,411  95 

“ 19, 

u 

900 

U 

S.  Brown  & Sons, 

6,373  67 

“ 19, 

u 

901 

4 months, 

Willis  & Co 

13,000  00 

“ 20, 

u 

902 

6 months, 

Mervin  & Gould, 

10,000  00 

“ 20, 

u 

On  Demand, 

G.  B.  Upton,  

4,500  00 

“ 23, 

u 

903 

24th,  6 months, 

Mervin  & Gould, 

5,000  00 

“ 24, 

u 

On  Demand, 

Bank  of  Commerce,  . . 

10,000  00 

“ 25, 

u 

Vt.  (Sc  Canada  R.  R.  Company, 

9,000  00 

“ 25, 

U 

New  England  Bank, 

4,000  00 

“ 26, 

u 

904 

23d,  6 months, 

Willis  & Co 

5,000  00 

“ 27, 

u 

On  Demand, 

Vt.  & Canada  R.  R.  Company, 

4,000  00 

“ 30, 

u 

James  C.  Dunn, 

20,000  00 

July  1, 

U 

V.  C.  R.  R.  Companv, 

4,000  00 

“ 1, 

U 

H.  H.  Hunnewell, 

23,759  83 

« 2, 

u 

(( 

Vt.  (Sc  Canada  R.  R.  Company, 

19,908  88 

“ 3, 

u 

u 

Bank  of  Commerce, 

10,000  00 

“ L 

917 

6 months, 

S.  G.  Williams  & Son, 

10,000  00 

« 7,. 

918 

“ 

3,000  00 

“ 7, 

919 

5th,  G months, 

U 

1,042  38 

8,, 

u 

On  Demand, 

J.  E-  Thayer  & Bro 

35,000  00 

“ 9, 

u 

u 

1 

u 

15,000  00 

“ 10, 

u 

n 

.Tames  C.  Dunn,  . . 

20,000  00 

“ 9, 

U- 

924 

6 months, 

Willis  & Co 

6,000  00 

“ 10, 

u 

On  Demand, 

,T.  A.  Underwood  Rr.  Son 

10,000  00 

“ 12, 

u 

u 

( New  England  B’k,  Geo.  B.  ) 

S5  000  00 

1 Upton,  and  E.  P.  Clark, . . ) 

OOjVvV  vV/ 

“ 12, 

iC 

Willk  & Co 

6,000  00 

‘‘  14, 

Uncertain, 

2,000  00 

“ 15, 

u 

U 

.T.  E-  Thayer  Rr.  Bro. 

20,000  00 

» 17, 

U- 

u 

20,000  00 

“ 17, 

c. 

it 

TTnderwood  Rr.  Son 

7,000  00 

“ 22, 

(( 

Uncertain, 

4,500  00 

“ 24, 

IC 

/ . 

Crocker  (Sc  Brewster, 

5,500  00 

» 24, 

Jno.  W.  Shn.w  Rr.  Co. 

1,933  50 

Carried  forward, 

$2,143,464  18 

TABLE  V.— (Continued.) 


153 


Loan  Account  with  Jonah  Quincy^  Jr.  Cr. 


When  re- 
turned to 
him  by 
the  Vt. 
Central. 

Rate  of 

Interest. 

Brokerage. 

Extra 

Interest. 

Simple 

Interest. 

Amount 

returned  by 

Vt.  Central. 

Bro’ght  for 

iward,  . . . . 

$1,742,033  97 
13,000  00 

June  27 

6 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

8 pr.  ct. 

8 pr.  ct. 

6 pr.  ct. 

6 pr.  ct. 

8 pr.  ct. 

8 pr.  ct. 

8 pr.  ct. 

6 pr.  ct. 

8 pr.  ct. 

6 pr.  ct. 

8 pr.  ct. 

6 pr.  ct. 

8 pr.  ct. 

8 pr.  ct. 

40  44 

“ 27 

40  44 

14,000  00 
4,000  00 

“ 27 

9 77 

“ 27 

i pr.  Ct.  $25  00 
^ pr.  ct.  15  00 

$101  67 

305  00 

10,000  00 

“ 27 

61  00 

183  00 

6,000  00 

“ 27 

5 25 

3,500  00 

“ 27 

2 51 

1,411  95 
5,373  67 
13,000  00 

“ 27 

i pr.  ct.  13  43 
k pr.  ct.  32  50 
4I  pr.  ct.  25  00 

2 39 

7 16 

“ 27 

88  83 

266  50 

“ 27 

101  67 

305  00 

10,000  00 
4,500  00 
5,000  00 
10,000  00 

“ 27 

“ 27 

1 pr.  ct.  12  50 

51  11 

153  33 

“ 27 

5 00 

“ 27 

1 00 

3 00 

9.000  00 

4.000  00 

5.000  00 

July  1 

4 00 

1 pr.  ct.  12  50 

50  00 

150  00 

“ 28 

22 

67 

4.000  00 
15,000  00 

5.000  00 

4.000  00 

“ 30 

July  2 
“ 12 
“ 25 

6 pr.  ct. 

6 pr.  ct. 

7 33 

10,546  67 
10,000  00 
3,213  16 
7,700  00 

“ 29 

( Under 
> charg’d 

Aug.  5 
July  3 
5 

12  pr.  ct. 

107  60 

io7  60 

pd.  but  $207.28,  . . . 

8 pr.  ct. 

8 pr.  ct. 

9 pr.  ct. 

9 pr.  ct. 

9 pr.  ct. 

2 46 

7 39 

12,208  88 

“ 5 

1 11 

3 33 

10,000  00 
10,000  00 
3,000  00 
1,042  38 
7,852  18 

Nov.  12 
“ 12 
“ 12 
July  8 

^ pr.  ct.  25  00 
i pr.  ct.  7 50 
i pr.  ct.  2 60 

152  50 

305  00 

45  75 

15  72 

i 91  50 

i 31  44 

1 

9 

15,000  00 
10,318  33 

“ 11 

Aug.  5 

6 pr.  ct. 

’16  20 

1 1,829  49 

July  12 
18 

! 5,965  39 

7,000  00 

“ 21 

2,000  00 
,34  61 

Aug.  5 
July  10 
“ 11 

6 pr.  ct. 

17  6.3 

8,566  00 

4,500  00 

“ 12 
Aug.  5 
Nov.  12 
July  17 
15 
“ 19 
21 

“ 22 

4,512  67 

6 pr.  ct. 

8 pr.  ct. 

6 pr.  ct. 

12  75 
183  00 

11  67 

2,421  33 

4 pr.  ct.  15  00 

61  60 

6,000  00 

! 

10,000  00 
27.505  00 

3,500  00 

8 pr.  ct. 

7 94 

’2.3  8.3 

1 

3,995  00 

5,011  11 

“ 28 
Aug.  2 
“ 5 

. . 1 

441  00 

363  03 

12  pr.  ct. 
12  pr.  ct. 

li  bk  ! 

25  .33 

1 1 55 

25  .33 

184  86 

Sep.  30 
July  23 
20 
“ 24 
“ 31 
Aug.  2 
July  24 
Aug.  2 
July  23 
Aug.  5 
July  29 
Aug.  5 
5 

2,000  00 

15,000  00 

'29  17 

’29  17 

5,000  00 
10,000  00 

12  pv.  ct. 

8,535  00 

12  pr.  ct. 

kb  49 

kb  49 

1,465  00 

5,01.3  33 

12  pr.  ct. 

ii  15 

ii  i5 

1,986  67 
2,500  00 

3 pr 

i 69 

' b 09 

2,000  00 

6,018  90 

12  pr.  ct. 

’5  1.5 

2 oT 

6 15 

481  10 

.3  86 

1,9.33  60 

iU  pj . Ul • 

darned  fon 

ward,  .... 

$2,143,464  18 

T 


154 


TABLE  V.  — (Continued.) 


Pr.  Vermont  Central  Railroad  Company  in 


No. 

Time. 

"Where  discounted  for 

Mr.  Quincy. 

Amount 

borrowed  by 

Vt.  Central. 

Brought  forward. 

$2,143,464  18 

July  26, 
Aug.  4, 

“ 6, 

Note, 

On  Demand, 

E.  G.  Loring, 

1,000  00 
3,102  22 
1,000  00 

Uncertain, 

t; 

U 

“ 7, 

u 

1010 

6 months, 

S.  G.  Williams  & Son, 

5,000  00 

“ 8, 

u 

Uncertain, 

1,486  79 
5,925  00 

13,800  00 

5,000  00 

“ 9? 

u 

Robert  F.  Fiske, 

“ 

i£ 

Willis  & Co 

» 13, 

1043 

U 

P.  P.  F.  Degrand, 

“ 20, 

“ 

1042 

6 months, I 

3,000  00 

“ 23, 

(( 

On  Demand, ’ 

Robert  F.  Eiske, 

1,400  00 
5,000  00 
5,000  00 

4,200  00 

“ 27, 

U 

U 1 

Union  Bank, 

“ 27, 

u 

N.  Peirce, 

Sept.  6, 

U 

U 

P.  P.  F.  Degrand, 

“ 8, 

U 

James  C.  Dunn, 

3,690  70 

1,000  00 

“ 10, 

U 

u 

P.  P.  F.  Demand, 

“ 11, 

u 

J.  E.  Thayer  & Bro 

6,000  00 

» 13, 

(C 

U 

10,000  00 

» 13, 

u 

Exchanere  Bank, 

20,000  00 
4,284  85 

6,000  00 

“ 13, 

u 

Uncertain, 

» 13, 

1108 

1 

P.  P.  F.  Degrand, 

“ 13, 

1109 

6 months, | 

3,000  00 

“ 17, 

u 

On  Demand, 1 

C.  A.  Read, 

6,000  00 
7,500  00 

5,000  00 

“ 22, 

u 

u 

G.  Dnvis  Trefisnrp.v 

“ 23, 

u 

1150 

3 months, 

S.  G.  Williams  & Son, 

“ 23, 

u 

On  Demand, 

Uncertain,  .... 

1,800  00 

“ 27, 

» 

1162i 

232  00 

Oct.  15, 

u 

1,000  00 

Dec.  24, 

il 

U 

u 

525  00 

$2,273,410  74 

TABLE  V.  — (Continued.) 


155 


Loan  Account  with  Josiah  Quincy^  Jr. 


Cr. 


When  re- 
turned to 
him  by 
the  Vt. 
Central. 

Rate  of 

Interest. 

Brokerage. 

Extra 

Interest. 

Simple 

Interest. 

Amount 

returned  by 

Vt.  Central. 

Bro’ght  for 
$ 56 

ward,  .... 

$2,143,464  18 
1,000  00 
3,102  22 

Aug.  5 
Sep.  30 
Aug.  8 
Sep.  20 
“ 23 
Nov.  12 

8 pr.  ct. 
12  pr.  ct. 

$1  67 

29  47 

29  47 

500  00 

105  92 

10  pr.  ct. 
18  pr.  ct. 

^ pr.  ct.  $12  50 

2 74 
305  00 

’ *4  12 
152  50 

pd.  J.  Q.,  Jr.  $9.80, 

394  08 
5,000  00 

Sep.  15 
Aug.  15 
Sep.  16 
“ 23 

18  pr.  ct. 

18  82 

9 41 

1,486  79 
5,000  00 

96  46 

6 pr.  ct. 

*ii  81 

828  54 

Aug.  12 
“ 16 

10,000  00 

1,000  00 
2,534  92 

“ 21 

Sep.  23 
“ 29 

15  pr.  ct. 
24  pr.  ct. 

12  90 

8 60 

265  08 

^ pr.  ct.  25  00 
^ pr.  ct.  15  00 

117  51 

39  17 

5.000  00 

3.000  00 
1,400  00 

5.000  00 
3,299  75 

Nov.  12 

183  00 

91  50 

Sept.  1 
“ 16 

9 pr.  ct. 
18  pr.  ct. 

1 05 

2 10 

31  67 

15  83 

Aug.  30 
Sept.  1 
“ 15 

289  85 

1,000  00 
410  40 

“ 16 

18  pr.  ct. 

12  86 

' *6  43 

“ 11 

2,876  56 
1,323  44 

“ 23 

24  pr.  ct. 

*18  45 

*6  15 

“ 12 

3,000  00 
690  70 

“ 20 

6 pr.  ct. 
24  pr.  ct. 

' 3 38 

“ 23 

' *6  50 

2 17 

1,000  00 
5,000  00 

“ 30 

No  Interest  paid,  . . 

U 

“ 30 

10,000  00 

“ 17 
“ 22 

6 pr.  ct. 

*13  33 

20,000  00 
4,015  00 

» 23 

U oo 

Nov.  12 
Sep.  22 
“ 23 

18  pr.  ct. 

6 pr.  ct. 
18  pr.  ct. 
18  pr.  ct. 

12  94 

6 47 

269  85 

J pr.  ct.  30  00 
^ pr.  ct.  15  00 

30  00 
183  00 

10  00 

10  00 

6,000  00 

91  50 

3,000  00 

5 00 

6,000  00 
1,863  22 

“ 24 

5,000  00 

“ 27 

18  pr.  ct. 

”5  02 

* *2  51 

636  78 

protest,  2 00 
i pr.  ct.  12  50 

4 d’ys,  3 33 
77  50 

5,000  00 

Dec.  30 

24  pr.  ct. 

232  50 

Sep.  26 
“ 27 
Nov.  12 
Oct.  23 

1,000  00 

24  pr.  ct. 

6 pr.  ct. 
18  pr.  ct. 

* ’3  09 

' 1 03 

800  00 

1 78 

1 33 

232  00 

’ *2  67 

pd.  but  $3.00, 

1,000  00 

Nov.  25 

No  Interest  paid,  . . 

525  00 

1 

1 

$2,273,410  74 

< Over 
\ charg’d 


Under 

charg’d 

Under 

charg’d 


C Under 
( charg’d 
(Under 
I charg’d 


156 


TABLE  V.  — (Continued.) 


STATEMENT  IX  CONNECTION 


1849. 

Dec.  10,  Check,  No.  289,  payable  Dec.  22d,  for  $10,000,  was  cashed  by  Willis  & 
Co.,  and  the  Interest  was  paid  him  to  Dec.  22d,  by  the  "Company, 
ilr.  Quincy  held  this  Check,  and  gave  Willis  lais  own  Check, 
payable  at  the  same  date,  (22d,)  and  paid  it  on  that  day.  The 
Company’s  Check  was  not  paid  to  Mr.  Quincy  until  .Jan.  "ist,  and 
therefore  Interest  was  due  him/>-o//i  Dec.  '22d  to  Jan.  1st;  instead 
of  Avhich,  he  received  Interest  from  the  time  the  $10,000  was 
originally  borrowed,  (Dec.  10th.)  making  an  over  charge  of 
Interest  tor  12  days,  namely,  from  the  10th  to  the  22d,  (previous^ 
paid  Willis  & Co.) " L 


Dec.  10, 


Check,  No.  290,  payable  Dec.  29th,  for  $10,000,  was  cashed  by  Willis  & 
Co.,  and  the  Interest  paid  them  by  the  Company  to  that  Aate,  (Dec. 
29th.)  Li  the  same  manner  as  in  the  case  "above,  Mr.  Quincy 
receh^ed  the  Interest  from  Dec.  10th,  (Avhenthe  Company’s  Check 
was  settled  Avith  him,)  instead  of  from  Dec.  29th,  to  AA'"hich  date 
the  Interest  had  been  paid  Willis  & Co.,  making  an  over  charge 
of  Interest  for  19  days, 


$20  00 


31  67 


Dec.  23, 


1850. 
Apr.  9, 


Check,  No.  498,  payable  Dec.  25th,  for  $6,000,  and  also  for  $40.88 
Interest  on  a preAdous  Check  which  it  took  up,  was  receiA'ed  by 
Mr.  Quincy,  (for  one  that  he  gave  to  AVillis  & Co.  for  the  same 
amount,  and  paid  on  the  25th.)  The  Interest  Avas  paid  to  the 
25th  to  Willis  & Co.  by  the  Company  when  the  Check  was  giA’^en. 
^Vhen  the  Company's  Check  Avas  paid  Mr.  Quincy,  he  received 
Interest  from  the  23d  instead  of  the  25th,  to  Avhicli  date  Interest 
had  been  previouslv  paid  Willis  & Co.,  making  an  over  charge  of 
2 days’  Interest, 

Note,  No.  435^,  Mr.  Quincy  receh-ed  Interest  $6.68  instead  of  $6.41,  the 
correct  amount,  mak"iDg  an  OA'er  charge  of 


2 00 

27 


Oct.  14, 

1851. 
Aug.  6, 


Note,  on  demaini,  for  $20,000,  !Mr.  Quincy  received  Interest  and 
Brokerage  $34.94  instead  of  $33.78,  the  proper  amount,  making 
an  over  charge  of. 


1 16 


Note,  on  demand,  for  $1,000,  Mr.  Quincy  received  interest  $9.80 
mstead  of  $6.86,  the  proper  amoimt,  being  an  over  charge  of 


2 94 


Amount  of  errors  to  debit  of  J.  Quincy,  Jr. 


$58  04 


TABLE  V.  — (Continued.) 


157 


WITH  THE  FOREGOING  TABLE. 


1850. 
Apr.  4, 

July  27, 

Dec.  23, 

1851. 
Jan.  6, 

“ 13, 

Apr.  11, 

July  1, 

Sep.  11, 

“ 13, 

Oct.  15, 

Dec.  24, 


On  the  following  Notes  Mr.  Quincy  has  received  less  Interest  than  he 
was  entitled  to : — 


Note 

No.  430|, 

$5.07  charged,  should  be 

$6.07,. 

U 

“ 6471, 

.70  “ 

(( 

44 

.77,, 

U 

for  $4,854.06, 

11.40  “ 

44 

44 

13.06,, 

» 9,000.00, 

17.03  “ 

44 

44 

17.47,, 

“ 6,000.00, 

.00  “ 

» 

1.00,. 

u 

No.  874, 

1,294.61  “ 

^44 

44 

1,295.72,, 

u 

for  $23,759.83, 

207.28  “ 

44 

44 

215.20, 

u 

“ 5,000.00, 

O 

o 

44 

44 

15.83, 

“ 10,000.00, 

o 

o 

44 

“ 

28.33, 

“ 

“ 1,000.00, 

3.00 

44 

“ 

4.00, 

“ 625.00, 

O 

o 

44 

.09, 

Amount  of  errors  to  credit  of  J.  Quincy,  Jr. 


$1  00 
07 

1 66 
44 
1 00 
1 11 
7 92 
15  83 
28  33 
1 00 
09 


$58  45 


158 


TABLE  V.  — (Continued.) 


The  Notes  settled  upon  the  27th  June,  1851,  according  to  the  Table,  were  (with 
the  exception  of  No.  846,  which  matured  on  that  day,  and  was  paid  in  due  course  ; 
and  also  with  the  exception  that  $5,000  of  the  $7,374.58  paid  on  Note  of  4th  June, 
1851,  was  paid  in  cash  previous  to  the  settlement  below  stated,)  used  by  Mr.  Quincy, 
who  held  them,  to  ofiset  Notes  due  from  him  to  the  Company,  as  follows : — 

Mr.  Quincy  called  his  own  Notes,  (due  to  the  Company,)  payable  Aug. 


25th,  1851, $309,270  00 

From  which  was  deducted  for  pre-payment  on  the  27th  June,  1851,  59 

days’  Interest  at  6 per  cent., 3,041  15 

$306,228  85 

He  paid  the  balance  left  after  the  ofiset  below,  in  cash, 101  02 

$306,127  83 

He  transferred  to  the  Company  in  oflTset  as  follows  : — 


Notes. 

Amount. 

Dr,  Interest.  Cr.  ] 

[nt.  charged  by  Mr.  Quincy. 

No.  756, 

Dec.  28, 

1850,  on  demand, 

$10,643  10 

$428  08 

8 per  cent. 

“ 847, 

Mar.  26, 

44  44 

10,000  00 

281  65 

11  per  cent. 

Bal.  of 

May  20, 
“ 21, 

“ “ 

1,060  61 

147  23 

9 per  cent. 

44  44 

14,501  25 

134  14 

9 per  cent. 

(( 

21, 

44  44 

9,667  50 

113  60 

( 9 per  cent,  and  ^ 

( per  cent.  Brokerage. 

Bal.  of 

June 

4, 

44  44 

2,374  58 

138  31 

8 per  cent. 

46 

4, 

44  44 

19,474  38 

99  53 

8 per  cent. 

44 

7, 

44  44 

7,500  00 

33  33 

8 per  cent. 

it 

13, 

44  44 

30,000  00 

70  00 

6 per  cent. 

44 

13, 

44  44 

13,000  00 

40  44 

8 per  cent. 

44 

14, 

44  44 

14,000  00 

40  44 

8 per  cent. 

44 

16, 

44  44 

4,000  00 

9 77 

8 per  cent. 

44 

18, 

44  44 

3,500  00 

5 25 

6 per  cent. 

44 

19, 

44  44 

1,411  95 

2 51 

8 per  cent. 

No.  900, 

it 

19, 

44  44 

5,373  67 

9 55 

8 per  cent. 

44 

20, 

44  44 

4,500  00 

5 25 

6 per  cent. 

44 

24, 

44  44 

10,000  00 

5 00 

6 per  cent. 

44 

25, 

44  44 

9,000  00 

4 00 

8 per  cent. 

No.  855, 

Note 

due  July  4,  1851,  . . 

5,000  00 

$5 

83 

“ 845, 

44 

44 

“ 29,  “ . . 

10,000  00 

53 

33 

“ 856, 

44 

44 

Aug.  4,  “ 

5,000  00 

31 

67 

“ 875, 

44 

it 

“ 21,  “ . . 

10,000  00 

91 

67 

“ 844, 

44 

44 

“ 27,  “ . . 

10,000  00 

100 

00 

“ 878, 

44 

44 

“ 27,  “ .. 

10,000  00 

50 

00 

“ 838, 

44 

44 

Sep.  20,  “ . . 

5,000  00 

70 

00 

“ 870, 

44 

44 

Oct  12,  “ .. 

3,000  00 

52 

50 

“ 871, 

44 

it 

“ 12,  “ .. 

5,000  00 

87 

50 

Interest  allowed 

“ 901, 

44 

ti 

» 22,  “ . . 

13,000  00 

249 

17 

“ 848, 

44 

Nov.  29,  “ .. 

2,500  00 

63 

33 

at  6 per  cent. 

“ 896, 

it 

tt 

Dec.  10,  “ 

5,000  00 

135 

83 

“ 897, 

44 

44 

“ 10,  “ . . 

5,000  00 

135 

83 

“ 898, 

44 

44 

» 20,  “ . . 

10.000  00 

288 

33 

“ 899, 

44 

ti 

“ 20,  “ . . 

6,000  00 

173 

00 

“ 902, 

44 

44 

“ 23,  “ . . 

10,000  00 

293 

33 

“ 904, 

44 

44 

“ 26,  “ .. 

5,000  00 

149 

17 

“ 903, 

it 

ti 

“ 27,  “ .. 

5,000  00 

150 

00 

“ 874, 

Deduct 

“ “ Apr.  14, 1852,  . . 

Bal.  of  Int.  to  his  debit, . . 

12,850  00 

$307,357  04 
1,229  21 

bal.  1,229  21 

616 

80 

1 $306,127  83 

$2,797  29 

$2,797  29 

TABLE  V.  — (Continued.) 


159 


There  were  several  matters  in  this  settlement  which  were  not  correct. 

First.  Mr.  Quincy’s  Notes  due  to  the  Company,  were  not  all  payable  Aug.  25, 
1851.  These  Notes  were  of  the  following  tenor  : 


Number. 

Date. 

When  due. 

Amount. 

84 

85 

Aug.  22,  1850, 

On  Op.mnnH  

$41,585  00 
207,925  00 

1 8,725  00 

43,625  00 
1,235  00 
6,175  00 

“ 22,  “ 

12  months, 

136 

U 99;  U 

On  Dema.nd, 

142 

» 22’  “ 

12  months, 

145 

On  l)p,ma,ri4, 

146 

» 22,  “ 

12  months, 

$309,270  00 

It  will  be  noticed  that  some  of  these  Notes  were  on  time,  and  the  remainder, 
amounting  to  $51,545,  were  on  demand;  and  these  last,  Mr.  Quincy  should  have 
considered  as  bearing  Interest  from  May  1,  1851,  according  to  his  contract  of  that  date 
with  the  Company,  stipulating  “ that  they  should  bear  Interest  from  the  time  when 
his  compensation,  for  acting  as  Treasurer  of  the  Company,  should  be  determined 
upon.” 

Second.  But  $50  Interest  was  allowed  by  him  to  the  Company  on  Note  No.  878, 
for  $10,000,  having  two  months  to  run  from  June  27,  which  Interest  should  have 
been  $100. 

Third.  The  Notes  on  time^  due  from  the  Company,  which  Mr.  Quincy  passed  to 
them,  discounting  Interest  at  the  rate  of  six  per  cent.,  in  part  offset  for  his  Note  due 
to  the  Company,  were  Notes  which  the  Company  had  given  for  cash,  and  which  had 
been  discounted  at  a large  rate  of  Interest.  When  the  discounts  were  obtained,  Mr. 
Quincy  retained  these  Notes  of  the  Company,  giving  to  the  purchasers  1m  own  Notes 
payable  at  the  same  dates  as  the  Notes  retained.  Now  the  Company,  having  paid  a 
large  amount  of  Interest  in  order  to  have  the  use  of  the  money  for  a number  of 
months,  were,  if  called  upon  by  Mr.  Quincy  to  discount  those  same  Notes,  entitled  to 
receive  as  much  Interest  as  they  had  paid  upon  them,  except  on  such  as  matured  between 
June  the  27th  and  the  day  on  which  Mr.  Quincy’s  time  Notes  would  have  matured,  (viz., 
Aug.  25th.)  Mr.  Quincy  could  claim  to  the  25th  of  August  to  pay  his  time  Notes,  and 
might  then  have  passed  to  the  Company  in  offset  such  of  these  Notes  of  theirs 
as  had  matured  up  to  that  date ; but  if  he  called  upon  them  to  receive  such  as  had 
not  matured  as  cash,  he  should  have  allowed  them  as  discount,  from  Aug.  25  to  the 
time  of  their  maturity,  the  same  which  the  Company  had  paid  as  discount  upon  them 
when  they  obtained  the  cash  originally.  This  would  have  been  but  reasonable,  as 
Mr.  Quincy  could  not  have  paid  his  Notes  in  cash.,  when  due  on  the  25th  of  August, 


160 


TABLE  V.  — (Continued.) 


without  raising  the  money  at  a discount  as  large  as  that  which  is  here  claimed  to  be 
due  from  him  to  the  Company  upon  these  Notes  used  in  offset.  On  the 
following  Notes,  therefore,  Mr.  Quincy  should  have  allowed  the  rates  of  Interest 
which  the  Company  had  paid  upon  them,  as  shown  in  the  sketch  below,  these 
being  Notes  maturing  at  dates  subsequent  to  the  maturity  of  his  own  “ time  Notes.” 


No. 

When  due.* 

Amount. 

Rate  paid  by 
the 

Company. 

Time  from  Aug.  25. 

1 Simple 
Interest. 

Extra 

Interest. 

844 

Aug.  27,  1851, 

$10,000  00 

9 

per  cent. 

2 days. 

1 

$3 

33 

$1  67 

878 

“ 27,  “ 

10,000  00 

9 

per  cent. 

2 

“ 

3 

33 

1 67 

838 

Sept.  20,  “ 

5,000  00 

9 

per  cent. 

26 

u 

21 

67 

10  83 

870 

Oct.  12,  “ 

3,000  00 

9 

per  cent. 

1 month. 

17 

“ 

23 

50 

11  75 

871 

“ 12,  “ 

5,000  00 

10 

per  cent. 

1 

(( 

17 

“ 

39 

17 

26  11 

901 

“ 22,  “ 

13,000  00 

8 

per  cent. 

1 

ii 

27 

“ 

123 

50 

41  17 

848 

Nov.  29,  “ 

2,500  00 

9 

per  cent. 

3 

U 

4 

“ 

39 

17 

19  58 

896 

Dec.  10,  “ 

5,000  00 

8 

per  cent. 

3 

(( 

15 

u 

87 

50 

29  17 

897 

“ 10,  “ 

5,000  00 

8 

per  cent. 

3 

Ci 

15 

(( 

87 

50 

29  17 

898 

“ 20,  “ 

10,000  00 

8 

per  cent. 

3 

a 

25 

u 

191 

67 

63  89 

899 

“ 20,  “ 

6,000  00 

8 

per  cent. 

3 

u 

25 

“ 

115 

00 

38  33 

902 

“ 23,  “ 

10,000  00 

8 

per  cent. 

3 

it 

28 

“ 

196 

67 

65  56 

904 

“ 26,  “ 

5,000  00 

8 

per  cent. 

4 

u 

1 

u 

100 

83 

33  61 

903 

“ 27,  “ 

5,000  00 

8 

per  cent. 

4 

u 

2 

101 

67 

33  89 

874 

Apr.  14,  1852, 

12,850  00 

10 

per  cent. 

7 

u 

20 

u 

471 

17 

314  11 

$720  51 

It  thus  appears  that  Mr.  Quincy  should  have  allowed  to  the  Company  the  further  ' 
amount  of  Interest  $ 720.51,  such  being  the  difference  between  the  6 per  cent,  actually 
allowed  by  him,  and  the  rate  which  they  paid  through  him  as  Treasurer,  to  obtain  the 
money  on  tliese  same  Notes. 

It  will  therefore  be  found,  that  in  this  settlement  the  Company  has  been  over 
charged  to  the  following  amounts : — 


First.  Error  in  casting  Interest  on  the  three  demand  Notes  against  Mr. 

Quincy,  it  being  entirely  omitted  from  May  1 to  Aug.  25,  1851, 

being  116  days  at  C per  cent,  on  $51,545, $996  54 

Second.  Error  in  casting  Interest  on  Note  No.  878,  for  1 month  instead 

of  2 months,  being  ^ per  cent  on  $10,000, 50  00 

Third.  In  casting  Interest  on  sundry  Notes,  as  shown  above,  at  6 per 
cent.,  instead  of  computing  it  at  the  rates  paid  by  the  Company 
from  Aug.  25,  1851,  to  maturity, 720  51 


Amount  of  errors  to  debit  of  J.  Quincy,  jr. 


$1,767  05 


TABLE  V.— (Continued.) 


161 


\ 

The  Notes  settled  Nov.  12,  1851,  shown  by  the  Table,  were  passed  to  the  Company 
by  Mr.  Quincy  in  offset  for  sundry  Notes  of  his,  held  by  the  Company,  payable  on 
demand,  for  money  loaned  to  him.  Like  those  last  spoken  of,  these  Notes  had  been 
retained  by  him,  when  issued  for  discount  by  the  Company,  his  own  Notes  payable 
at  the  same  dates  having  been  given  to  the  discounters.  This  settlement  with  the 
Company  was  made  by  Mr.  Quincy  in  the  following  manner.  The  Company  held 
his  Notes,  on  demand,  as  follows  : 


Sept.  1,  1851,. . 
Less  endorsed. 


$10,000  00 

7,147  64 


Interest  to  Nov.  12, 

f end.  Sep.  13,  $2,500.00,  Int.  fori  mo.  27  days,  $23.25. 1 
I *<  Oot.  4.  4,647.64,  “ “ 1 “ 8 “ 29.43,  | 


Mos.  Days. 
2 11 


Sept.  11,.1851, 
“ 13,  “ 

“ 24,  “ 

“ 27,  “ 

“ 27,  “ 

“ 30,  “ 
Oct.  1,  “ 

“ 24,  “ 


$2,852 

36 

Balance  of 

Interest, 

12,000 

00 

Interest  to  ^ 

Nov. 

. 12,. 

2,000 

00 

u 

U 

12,. 

5,000 

00 

U 

u 

12,. 

500 

00 

U 

(C 

a 

12,. 

1,651 

57 

u 

u 

u 

12,. 

2,000 

00 

u 

u 

u 

12,. 

5,000 

00 

u 

u 

u 

12,. 

1,400 

00 

a 

u 

12, 

2 1 
2 . . 
1 19 

1 16 
1 16 
1 13 
1 11 
, . 19 


$32,403  9,3 


I $118  33 
53  18 


65  15 
122  001 
20  001 
40  83 

3 83 
12  66! 
14  331 
34  17, 

4 43 


$317  40 


Making  the  am’t  due  from  Mr.  Quincy. 


$32,721  33 


Mr.  Quincy  cancelied  this  debt  as  follows,  with  the  Company’s  Notes  : 


No. 

When  due. 

Amount. 

At  Six 

per  Cent. 

917 

Jan.  10,  1852, 

$10,000  00 

Less  Interest, 

Mos.  Days. 

1 29 

$99  33 

918 

“10,  “ 

3,000  00 

U U 

1 

29 

29  50 

919 

“ 8,  “ 

1,042  38 

u u 

1 

27 

9 90 

924 

“ 12,  “ 

6,000  00 

U (( 

1 

28 

58  00 

1010 

Feb.  10,  “ 

5,000  00 

u u 

2 

29 

74  17 

1042 

“23,  “ 

3,000  00 

u u 

O 

11 

50  50 

1109 

Mar.  16,  “ 

3,000  00 

u a 

4 

4 

62  00 

1162^ 

Sep.  27,  1851,  on  demand, 

232  00 

Add.  Interest, 

1 

16 

$383  40 
J.  78 

And  Cash, 

Making  the  ain’t,  deducting  the 

1,828  57 

$33,102  95 

discount,  . . 

Less  Literest,  , 

f 

$381  62 

$32,721  33 

With  respect  to  this  settlement,  the  following  remarks  may  be  made. 

First.  As  Mr.  Quincy  calculates  Interest  by  days  instead  of  months  on  his  loan? 
U 


162 


TABLE  V.  — (Continued.) 


upon  demand  to  the  Company,  it  is  right  that  Interest  should  be  so  cast  upon  demand 
Joans  made  to  him  by  the  Company. 

Second.  On  Note  No.  917  the  Interest  is  erroneously  cast,  and  on  Note  No.  924, 
no  grace  has  been  allowed  by  him. 

Third.  The  time  Notes  of  the  Company,  held  by  him,  and  used  to  offset  his  Notes 
on  demand  held  by  them,  are  subject  to  the  same  remarks  made  upon  the  time  Notes 
embraced  in  the  settlement  of  June  27,  1851,  previously  referred  to.  If  Mr.  Quincy 
required  the  Company  to  discount  them  before  maturity,  he  should  have  allowed  them 
such  rate  as  had  been  paid  on  them  when  cashed.  The  settlement  would  then  have 
resulted  as  follows  : 


Balance  of  Note  Sept.  1,  1851,  on  demand. 
Endorsed  Sep.  16,  $2,500.00  ( 

“ Oct.  4,  4,647.64  f 


Note  Sep.  11,  1851,  on  demand, 

u “ 13,  “ “ “ 

“ “ 24,  “ “ “ 

“ “ 27,  “ “ 

“ “ 27,  “ 

“ “ 30,  “ “ “ 

“ Oct.  1,  “ “ “ 

u 44  24,  “ “ “ 


Less  Note  of  Sept.  21 
the  Company, 


Making  the  am’t  due  Nov.  12,  1851,  with  Interest 


Amount. 

$10,000 

00  ] 

7,147 

64 

$2,852 

36 

12,000 

00  . 

2,000 

00 

5,000 

00 

500 

00 

1,651 

57 

2,000 

00 

5,000 

00 

1,400 

00 

CO 

o 

of 

CO 

93 

232 

00 

$32,171 

93 

Interest, 

Less  Lat.,  $23.75  | 
“ “ 30.21  j 

Balance  of  Interest, 
st  for  62  days, 
» 60  “ 

44  4 9 44 

44  46  44 

44  4 6 44 

44  43  44 

44  42  44 

44  49  44 


and  Int.  for  46  days. 


$120  00 
53  96 


$66  04 
124  00 
20  00 
40  83 

3 

12  66 
14  33 
35  00, 

4 43 


$321  12 
1 78 


$319  34 


$32,491  27 


Instead  of  this,  Mr.  Quincy  gave  the  Company, 


No. 

j 

Amount. 

i 

Interest  paid 
by  the 

Company.  i 

Time  from  Nov.  12.  j 

919 

Cash,  Nov.  12,  1851,.  . . . 
Note,  due  Jan.  8,  1852, 

$1,828  57 
1,042  38 

9 per  cent. 

! 1 month,  27  da  vs, 

$14  85 

917 

44  44  44  40^  44 

10,000  00 

9 per  cent. 

1 1 44  29  “ 

147  50 

918 

iC  U U 

3,000  00 

9 per  cent, 

1 “ 29  “ 

44  25 

924 

44  44  44  42^  44 

6,000  00 

8 per  cent. 

2 “ 0 “ 

80  00 

1010 

“ “ Feb.  10,  “ 

5,000  00 

18  per  cent. 

2 “ 29  “ 

222  50 

1042 

44  44  44  23,  » 1 

3,000  00 

18  per  cent. 

3 “ 11  » 

151  50 

1109 

“ “ Mar.  16,  “ : 

j 

3,000  00 

18  per  cent. 

4 44  4 44 

186  00 

i 

1 * i 

! 

$32,870  95 

Less  Interest, 

$846  60 

! 

$32,024  35 

Leaving  Mr.  Quincy  indebted  to  the  Company  to  the  amount  of  ...  . $466.92 


TABLE  V.  — (Continued.) 


163 


On  the  8th  of  December,  1851,  Mr.  Quincy  purchased  of  the  Company  $102,400 
of  their  First  Mortgage  Bonds,  at  the  following  prices  : 


$100,000,  a 85^,...'. 

2,400,  a 90, 

Interest,  a 7 per  cent.,  due  on  Coupons  from  Nov.  1 to  Dec.  8. 
Cash  paid  him  to  balance  the  account, 


$85,125  00 
2,160  00 
736  71 
20  30 


Mr.  Quincy,  settled  for  these  Bonds  by  giving  up  some  Vermont 
Central  Notes  in  his  possession,  thus : 


Treasurer’s  Note  of  July  28,  1851, 

“ “ “ Aug.  4,  “ 

0.  Kimball’s  Acceptance,  due  Aug.  14,  1851, 

Treasurer’s  Memorandum  of  Sept.  27,  “ 

“ Check  “ “ 27,  “ 

((  u (t  n 27 

ii  u li  it  2Q  “ 

“ “ “ “ 30,’  “ !!!!!!!!!!!!! 

Interest,  a 6 per  cent,  on  above  to  Nov.  1,  1851, 

“ a 7 “ “ “ “ “ Dec.  8,  “ from  Nov.  1, 


$8,000  00 
5,000  00 
900  00 
50,000  00 

5.500  00 

6.500  00 
6,176  40 
5,000  00 

420  82 
544  79 


$88,042  01 


$88,042  01 


In  this  settlement.  Interest  was  erroneously  computed  ; the  last  charge  being 
correctly  cast  if  he  is  allowed  7 per  cent.,  but  the  charge  of  Interest  to  Nov.  1 st  is 
wrong,  for  he  received  tlie  Memorandum  Checks  of  $50,000  and  $6,176.40  of  Willis 
& Co.  in  part  payment  for  Stocks,  sold  by  them  for  his  account,  and  this  Company 
had  paid  Willis  & Co.  the  Interest  on  these  Checks  to  Oct.  30th,  1851,  as  shown  on 
their  books  and  by  the  Voucher  on  file  with  the  Company’s  papers.  Mr.  Quincy, 
therefore,  could  claim  Interest  only  from  Oct.  30th  upon  them.  This  settlement 
should  have  been  made  thus,  (premising,  however,  that  the  Acceptance  was  due  Aug. 
1 7th,  not  14th  :) 


Kimball’s  Acceptance,  due  Aug.  17, ... . 
Treasurer’s  Memorandum,  from  Oct.  30, 
“ Check,  “ “ 30, 

“ “ “ Sept.  27, 

u u u 27 

“ “ “ “ 30’ 


Note,  July  28,  4 mos.,  due  Dec. 
“ Aug.  4,  4 “ “ “ 

Face  of  Notes, 


$900  00 

Interest  to  Nov.  1, 

$11  25 

50,000  00 

“ ‘‘  “ 1, 

16  66 

6,176  40 

“ “ “ 1, 

2 06 

5,500  00 

“ “ “ 1, 

32  08 

6,500  00 

U U U 1 



37  92 

5,000  00 

“ “ “ 1, 

26  67 

$74,076  40 

Int.  from  Nov.  1,  at  7 pr.  ct.  . 

532  93 

8,000  00 

“ “ “ 1,  at  7 “ 

10  89 

5,000  00 

“ “ “ 1,  at  7 “ 

97 

$87,076  40 

and  Interest, 

$671  43 

Adding  these  together,  we  should  have  $87,747.83,  instead  of  $88,042.01. 


This  makes  his  payment  short, $294  18 

In  the  payment  by  the  Company  to  Willis  & Co.,  Oct.  30th,  1851,  Interest 
was  included  on  two  Notes  of  Mr.  Quincy’s,  which  he  should  have 
paid  himself, 30791 


Amount  of  error  to  debit  of  J.  Quincy,  Jr.  . . 


$602  09 


164 


TABLE  V.  — (Continued.) 


Dk. 


JosiaJi  Quincij^  Jr.  in  IjO'IU  Account  icitli 


-• 


1849. 
Sep.  29, 
Oct.  4, 

“ 

Dec.  8, 
“ 12, 
» 14, 

“ 17, 

1850. 
Jan.  9, 

“ 18, 
“ 22, 
May  28, 
July  16, 
“ 18, 
Aug.  24, 
“ 29, 
Sept.  5, 
“ 25, 

Oct.  .31, 

Nov.  11, 


Note,  on  demand,. 


$7,000  00 
4,534  92 

2,000  00 

8,906  25 

4.000  00 

20,000  00 

1.500  00 

10,000  00 

8.000  00 

5.000  00 

10,000  00 

9.000  00 

3.000  00 
1,600  00 

2.500  00 
20,303  33 

1.000  00 

13,427  50 
27,983  50 


“ 14, 
Dec.  12, 
“ 26, 


2,000  00 
15,015  00 
35,000  00 


“ 27, 
1851. 
Feb.  4, 
“ 5, 


4,000  00 

32.000  00 

10.000  00 


“ 10,  “ “ “ 

“ 10,  “ “ “ 

“ 20,  “ “ “ 


10,000  00 
10,000  00 
17,138  00 


“ 21, 
“ 24,. 
» 25, 

Apr.  15, 
“ 21, 

“ 22, 
“ 29, 
“ 30, 
May  15, 
July  5, 

“ 

Aug.  5, 


10,150  00 
2,281  97 

7,500  00 

1,182  90 
N 13,200  00 


on  12  montbP,  from  Aug.  22,  1851,  with  Interest, 
12  “ » » 22,  » 

“ 12  « « “ 22  “ 


1,000  00 

10,000  00 
984  00 
2,805  71 
16,790  16 

5,500  00 

10,000  00 

29.258  00 
179,150  45 

60,000  00 


Carried  over,. 


$634,711  69 


TABLE  V.  — (Continued.) 


165 


the  Vermont  Central  Railroad  Company.  Cr. 


Eate  of 

Interest. 

Simple 

Interest. 

Extra 

Interest. 

1849. 
Oct.  31, 

6 per  cent. 

$37  33 

“ 27, 

6 per  cent. 

17  38 

“ 29, 

6 f)er  cent. 

6 67 

Dec.  17, 

6 per  cent. 

13  35 

“ 17, 

6 per  cent. 

3 33 

“ 15, 

“ 17, 

6 per  cent. 

6 67 

“ 17, 

6 per  cent. 

00 

1850. 
Feb.  12, 

12  per  cent. 

55  00 

55  00 

Apr.  30, 

12  per  cent. 

136  00 

136  00 

“ 30, 

12  per  cent. 

81  66 

81  66 

July  9, 

12  per  cent. 

68  33 

68  34 

Oct.  9, 

6 per  cent. 

124  50 

Sep.  12, 

6 per  cent. 

27  50 

“ 12, 

9 per  cent. 

5 07 

"2  .54 

Oct.  9, 

6 per  cent. 

16  67 

Sep.  12, 

6 per  cent. 

23  69 

Oct.  8, 

6 per  cent. 

2 17 

1851. 
June  30, 

9 per  cent. 

537  08 

268  54 

1850. 
Nov.  13, 

Dec.  7, 

“ 16, 

“ 19, 

“ 21, 

“ 23, 

6 per  cent. 

126  76 

“ 16, 

6 per  cent. 

10  67 

“ 16, 

6 per  cent. 

10  01 

» 26, 

“ 31, 

1851. 
Jan.  1, 

6 per  cent. 

19  33 

“ 1, 

6 per  cent. 

3 33 

Feb.  13, 

9 per  cent. 

48  00 

24  00 

“ 10, 

“ 11, 

“ 13, 

9 per  cent. 

'ii  00 

"5  50 

“ 13, 

9 per  cent. 

5 00 

2 50 

“ 11, 

6 per  cent. 

1 67 

“ 19, 

“ 20, 

“ 22, 

6 per  cent. 

'*4  04 

“ 22, 

6 per  cent. 

1 69 

“ 27, 

6 per  cent. 

1 14 

“ 27, 

Mar.  4, 

6 per  cent. 

’ 4 40 

Apr.  17, 

6 per  cent. 

39 

“ 25, 

May  1, 

10  per  cent. 

7 20 

"4  80 

“ 1, 

6 per  cent. 

1 50 

Apr.  30, 

6 per  cent. 

1 67 

May  1, 

6 per  cent. 

16 

June  4, 

6 per  cent. 

9 35 

July  5, 

“ 8, 

8 per  cent. 

.3  39 

”i  13 

Aug.  6, 

10  per  cent. 

26  57 

17  70 

» 23, 

Sep.  30, 

10  per  cent. 

ioi  09 

67  39 

Aug.  22, 

6 per  cent. 

82  83 

“ 22, 

6 per  cent. 

477  73 

“ 22, 

6 per  cent. 

116  67 

1 Carried  for  ward, 

Received  but  $12.85, 


Received  $137.67, 


Received  but  $2.00, 


Received  .00, 


Received  but  $167.41,, 

“ .00,  

“ -00, 


» .00, 


$7,000  00 
4,534  92 
2,000  00 
8,906  25 

4.000  00 
10,000  00 
10,000  00 

1.500  00 

10,000  00 

8.000  00 

5.000  00 

10,000  00 

9.000  00 

3.000  00 
1,600  00 

2.500  00 
20,303  33 

1.000  00 

13,427  50 

7.000  00 

6.000  00 
2,964  32 
2,000  00 

5.000  00 
5,019  18 

2.000  00 

15,015  00 

14.000  00 

10.000  00 

11,000  00 

4.000  00 

32.000  00 

3.000  00 

2.500  00 

4.500  00 

10.000  00 
10,000  00 

3.000  00 
500  00 

13,038  00 
10,150  00 
2,281  97 
5,216  89 
2,283  11 
1,182  90 
10,000  00 
3,200  00 

1.000  00 
10,000  00 

984  00 
2,805  71 
10,000  00 
6,790  16 

5.500  00 
6,040  00 
3,960  00 

29,258  00 
179,150  45 
50,000  00 


$634,711  69 


166 


TABLE  V.  — (Continued.) 


Dr. 


Josiah  Quincy^  Jr.  in  Loan  Account  with 


Aug.  20, 
“ 21, 
“ 25, 


Brought  forward, 

Note,  on  12  months,  from  Aug.  22,  1851,  with  Interest,, 

a u 22  “ “ “ 22,  “ “ “ 

“ “ demand, 


$634,711  69 
8,581  55 
15,500  00 
13,547  25 


“ 27,  “ 

“ 28,  “ 

Sept.  1,  “ 


“ 12  months,  from  Aug.  22,  1851,  with  Interest,, 
“ 12  “ » “ 22,  “ “ “ 

“ demand, 


14,780  00 
12,000  00 
10,000  00 


“ 11,  “ “ 

u 13^  u » 

“ 24,  “ “ 

“ 27,  “ “ 

“ 27,  “ “ 

“ 30,^  “ “ 

Oct.  1,  “ “ 

“ 7,  “ “ 


12,000  00 
2,000  00 

5.000  00 
1,651  57 

500  00 

2.000  00 

5,000  00 

600  00 


u 


(( 


« 


1,200  83 


24, 


(( 


(C 


1,400  00 


Dec.  24,  “ 


5,000  00 


$745,472  89 


All  of  the  sums  borrowed  as  above  of  the  Company  by  Mr.  Quincy,  were  used  to 
meet  his  private  debts. 


TABLE  V.  — (Continued.) 


167 


the  Vermont  Central  Railroad  Compariy.  Cr. 


Rate  of 


Simple 


Extra 


Interest. 


Interest. 


Interest. 


Aug.  22, 
“ 22, 
Sept.  2, 


J.U, 

Oct.  4, 
Aug.  22, 
“ 22, 
Sep.  16, 
Oct.  4, 
Nov.  12, 
“ 12, 
“ 12, 
“ 12, 
“ 12, 
“ 12, 


Oct.  9, 


6 per  cent 
6 per  cent 


18  per  cent 
6 per  cent 
6 per  cent 


6 per  cent 
6 per  cen1 
6 per  cen1 
6 per  cent 
6 per  cent 
6 per  ceni 
6 per  ceni 
6 per  cent 


Brought  for 
$2  86 
2 58 


ward. 


Received  .00, 

“ .00, 


30  65 
00 
00 


61  30 


Received  but  $90.54, 
Due  him,  $12.32,  . . . 
“ “ $12.00,  . . . 


65  15 
122  00 
20  00 
40  83 
12  66 
3 83 
14  33 
34  17 


$643,711  69 
8,581  55 
15,500  00 
500  00 
1,966  00 
7,819  43 

3.000  00 
261  82 

14,780  00 
12,000  00 
2,500  00 
4,647  64 
2,852  36 
12,000  00 

2.000  00 

5.000  00 
1,651  57 

500  00 

2.000  00 

5,000  00 

500  00 


1852. 

Feb.  28,  6 per  cent. 

“ 28,  6 per  cent. 


2 52 
27  82 


Received  $27.98, 


100  00 
1,200  83 


1851. 
Nov.  12, 


6 per  cent. 


4 43 


1,400  00 


1852. 
Feb.  28, 


6 per  cent. 


Received  .00,. . . , 
Balance  unpaid. 


142  81 
4,857  19 


$745,472  89 


168 


TABLE  V.  — (CoNTlNUKD.) 


Statement  in  Connection  with  the  Preceding  Table. 


Received  on  Xotes 

of  Dec. 

28, 

1849, 

$12.85, 

should  be 

$13.35, 

$ 

50 

u u u 

“ Sep. 

25, 

1850, 

2.00, 

“ 

2.17, 

17 

u a u 

“ Feb. 

10, 

1851, 

.00, 

1.67,  

1 

67 

a (C  cc 

“ July 

7, 

li 

167.41, 

U 

“ 

168.49, 

1 

08 

((  ((  u 

“ Oct. 

4, 

90.54, 

“ 

91.95, 

1 

41 

(i  u a 

“ Aug. 

,22, 

“ 

.00, 

u 

658.41, 

658 

41 

To  debit  of  Mr.  Quincy, 


$663  24 


Received  on  Note  of  May  28,  1850,  $137.67,  should  be  $136.67, 
“ “ “ “ Oct.  9,  “ 27.98,  “ “ 27.82, 


$1  00 
16 


To  credit  of  Mr.  Quincy, 


$1  16 


The  balance  of  the  above  two  accounts  show  amount  to  debit  of 

J.  Quincy,  Jr $662  08 

The  loans  represented  by  the  Note  of  Mr.  Quincy  of  Aug.  22d,  1851,  were  taken 
by  him,  as  before  stated,  in  accordance  with  a vote  of  the  Board,  which  authorised  the 
extension  of  his  Notes  given  for  Stock  for  one  year.  Mr.  Quincy  having,  as  is 
previously  shown,  taken  up  these  Stock  Notes,  June  27th,  1851,  by  offsetting  the 
Company’s  Notes,  held  by  him  against  them,  obtained  tliis  extension  of  one  year  by 
drawing  the  amount  of  those  Notes  ($309,270)  in  Cash  from  the  Company’s  funds. 
But  as  this  extension  was  to  begin  Aug.  22d,  1851,  if  Mr.  Quincy  took  the  money 
(on  his  Note  dated  that  day)  before  the  2 2d,  he  should  of  course  have  allowed  Interest 
up  the  22d,  until  which  day  his  Note  bore  no  Interest. 

The  following  circumstances  connected  with  this  extension  also  appear.  When  the 
Board  agreed  that  this  loan  should  be  made,  it  was  also  voted  that  the  Stock  should 
remain  v,dth  the  Vermont  Central  Eailroad  Company  as  Collateral.  Afterwards  Mr. 
Quincy  was  allowed  to  withdraw  3,962  Shares  by  substituting  Collateral  supposed  to 
be  its  equivalent  in  value,  which  was  arranged  thus ; on  the  25th  of  September, 
1851,  the  Stock  was  worth  about  $30  per  Share  in  the  Market,  and  Mr.  Quincy  gave 
in  the  place  of  3,962  Shares,  worth  say  $118,860, 


Vermont  Central  Railroad  Company’s  Note,  due  Dec. 


“ dem’d  Sep.  27 
Check,  due  “ 27 


0.  Kimball’s  Acceptance,  due  Aug.  7,  1851 
32  South  Shore  Railroad  Bonds,  at  par, 


! $8,000 

00 

1 

! 5,000 

00 

! 50,000 

00 

: 5.500 

00 

i 6'.500 

00 

I 6,176 

40 

5,000 

00 

900 

00 

32,000 

00 

$119,076  40 

TABLE  V. — (Continued.) 


169 


These  Notes,  amounting  to  $87,076.40,  he  was  allowed  to  use  for  the  purchase  of 
$102,400  of  First  Mortgage  Bonds,  (the  price  of  which  was  about  equal  to  the  amount 
of  the  Notes,)  on  condition  that  he  should  substitute  the  Bonds  as  security,  in  place  of 
the  Notes  withdrawn.  This  was  done  ; and  it  was  arranged  at  that  time,  that  he  should 
be  allowed  to  withdu  w these  Bonds,  or  any  part  of  them,  if  he  could  dispose  of  them  to 
advantage,  and  if  he  placed,  with  his  Note,  Collateral  equal  to  the  amount  withdrawn. 
But  this  was  not  done.  On  the  18th  of  December,  1851,  he  withdrew  and  sold 
$29,400  of  these  Bonds  for  $26,765.35,  substituting  as  Collateral  only  851  Shares 
Vermont  Central  Railroad  Stock,  then  worth  in  the  market  $26^  per  Share,  or 
$22,338.75. 

On  the  21st  of  September,  1850,  the  Company  bought,  through  C.  A.  Read,  150 
Shares  Vermont  Central  Stock.  This  Stock  was  by  Mr.  Read  transferred  to  J. 
Quincy,  Jr.,  individually,  and  not  as  Treasurer,  and  Mr.  Quincy  disposed  of  it  by  pass- 
ing it  to  his  credit,  his  Stock  account  being  then  overdrawn  to  that  amount.  This  should 
be,  therefore,  debited  to  him  for  the  amount  obtained  for  the  Stock  overdrawn,  which, 
as  near  as  can  be  ascertained,  was  $3 If  per  Share. 

Amount  of  error  to  debit  of  J.  Quincy,  Jr.,  150  Shares,  ....  . $4,762  50 


V 


170 


TABLE  V.  — (Continued.) 


Dr.  Josiah  Quincy^  Jr.^  in  Exchange  Account  [Loan) 


1850. 

To  r!a,sb 

$19,964  84 
9,600  00 
3,736  00 

5.000  00 
10,000  00 

8.000  00 

“ 21, 

u 

U 

“ 22, 

u 

a 

“ 24, 

u 

u 

“ 26, 

u 

Li 

Feb.  h 

u 

u 

“ 2, 

u 

LL 

10,000  00 

“ 4, 

u 

LL 

7,544  00 
28,862  40 
6,522  26 

“ 8, 

u 

“ . 

“ 9, 

u 

u 

“ 19, 

a 

LL 

10,158  33 
5,000  00 
6,155  63 
22,601  25 
53,078  91 
5,000  00 
15,637  96 

Mar.  2, 

u 

LL 

“ 4, 

u 

LL 

“ 9, 

u 

u 

“ 13, 

u 

Massachusetts  Sterling  Bonds,  Coupons  attached, 

Apr.  22, 

“ 30, 

LL 

U 

LL 

• 

$226,861  58 

It  will  be  seen  from  the  above  abstract,  that  the  Company  received  for  £43,511  1 7s.  8d. 
Exchange,  the  sum  of  $212,367.37,  which  cost  them,  from  the  manner  in  which  the 
account  was  settled  with  Mr.  Quincy,  $226,861.58,  being  a difference  against  the 
Company  of  $14,494.21.  But  from  this  a deduction  should  be  made  of  the 
amount  of  the  Coupons  collected  by  the  Company,  and  credited  to  their  Interest 
Account,  amounting  to  $1,200.  Also,  in  the  charge  to  Mr.  Quincy  of  $53,078.91 
for  the  Sterling  Bonds,  $1,093.35  is  included,  which  was  received  for  previous 
Coupons,  and  credited  to  their  Interest  Account.  These  two  items  being  deducted, 
the  balance,  showing  the  cost  to  the  Company  of  this  Exchange  Loan  will  be, 

Balance  as  appears  from  the  account  above, $14,494  21 

Less  Coupons  collected  by  the  Company,  . . . . | | 2,293  35 


Actual  cost  of  the  Loan, $12,200  86 

By  averaging  the  dates  of  the  Exchange  loaned  the  Company,  and  the  dates  of 
their  payments  for  the  same,  the  time  for  which  the  loan  was  made  will  be  seen.  The  ^ 
average  date  of  the  Exchange  Loan,  was  Sept.  22d,  1849.  The  average  date  of  the 
payments  on  the  same,  was  Feb.  11,  1850.  The  time  of  the  loan  was  then  4 months, 
20  days,  which,  at  the  above  cost  of  $12,200.86,  was  at  the  rate  of  I5  per  cent,  a 
month. 


TABLE  V.  — (Continued.) 


171 


with  the  Vermont  Central  Railroad  Company:  ' Cr. 


1849. 

Sep.  1, 

Bv  Proceeds  of  Exchange  for 

£2,238  10s.  6d. 

a 9|  advance, 

$10,919  03 

“ 4, 

U (( 

500 

a 10 

“ 

2,444  44 

“ n; 

U 

((  (( 

u u 

11,666 

a 9| 

iC 

56,904  17 

“ 17, 

(( 

u u 

ii  6i 

250 

a 9| 

u 

1,219  43 

“ 18, 

u 

H U 

U U 

3,663  12  11 

a 9f 

(C 

17,870  48 

“ 25, 

u 

a u 

U iC 

11,649  0 4 

a 9| 

u 

56,825  74 

Oct.  1, 

u 

ii  ti 

u u 

6,117 

a 10 

ii 

29,905  33 

“ s; 

u 

u u 

u u 

5,000 

a 9| 

u 

24,388  89 

“ 9, 

u 

u u 

u u 

224 

^ 9| 

it 

1,095  11 

“ 10, 

u 

u u 

u u 

1,254 

a 10 

u 

6,130  67 

“ 29, 

u 

u u 

u u 

949  13  11 

a 10 

u 

4,664  08 

£43,511  17s.  8d. 

Nov.  13, 

u 

Interest  Coupons,  on  Sterling  Bonds  collected  by  V.  C.  R.  E.  Co.  . . 

1,200  00 

Dec.  31, 

u 

Advertising  ‘ 

Exchange  for  sale  ” in  Atlas, 

Post  and  Courier, 

30  25 

• 1850. 

Apr.  30, 

u 

Com.,  Int.,  Post.,  &c.,  pd.  Brown,  Shipley  & Co.  less  their  credit  of 

premium  on  Sterling  Bonds,  and  credit  of  Int.  by  J.  Quincy,  Jr. 

8,423  31 

u 

Balance  of  account  paid  in  Cash, 

4,840  65 

$226,861  58 


172 


TABLE  V.  — (Continued.) 


Dr.  Josiah  Quincy^  Jr. ^ in  Account,  for  Stock  Purchases^ 


1849. 

$94,400  00 

Oct.  1, 

To  944  Shares, 

1850. 

Aug.  10, 

» 100  “ 

10,000  00 

Dec.  1, 

“ 669  “ 

66,900  00 

1851. 

June  1, 

1850. 

“654  “ 

• 

65,400  00 

$236,700  00 

Dec.  1, 

1851. 

Note,  dated  Dec.  1,  1850,  on  demand,  with  Interest, 

$151,860  00 

June  1, 

“ “ June  1, 1851,  “ “ “ “ 

65,400  00 

$217,260  00 

/ 


TABLE  V.  — (Continued.) 


173 


with  the  Vermont  and  Canada  Railroad  Company.  Cr. 


1849. 

Oct.  1, 

By  Demand  Note  pd  with  Interest  at  6 pr.  ct.  Nov.  15, 1849, 

$9,440  00 

1850. 

Aug.  10, 

“ 4 months  “ “ “ “ “ 6 “ Dec.  13,  1850, 

10,000  00 

Dec.  1, 

“ Note,  payable  Oct.  1, 1851,  with  Interest  after  date,. . , . . 

151,860  00 

1851. 

June  1, 

“ Demand  Note,  with  Interest  after  date, 

The  Jirst  two  Notes  were  paid  with  Interest  at  six  per  cent, 
per  year.,  as  appears  in  the  account  above.  The  last  two 
were  settled  as  follows : 

65,400  00 

$236,700  00 

1850. 

Dec.  13, 

By  Cash  endorsed  on  Note, 

10,000  00 

1851. 

Jan.  25, 
Nov.  14, 

u u u u u 

“ Balance  of  first  Note  included  in  Note  of  Nov.  14,  1851, 
as  below, 

428  00 

141,432  00 

June  10, 

“ Cash  endorsed  on  Note, 

1,500  00 

“ 13, 

u u u u u 

10,000  00 

“ 24, 

ii  u u u u 

10,600  00 

“ 25, 

it  U ll  il  il 

2,264  09 

“ 30, 

U il  ll  ll  ll 

9,517  50 

July  2, 

ii  u u u u 

604  08 

“ L 

Nov.  14, 

u u u u u 

“ Balance  of  last  Note,  included  in  Note  of  Nov.  14, 1851, 
as  below, 

10,000  00 

20,914  33 

$217,260  00 

The  two  balances  above  stated  are  together  $162,346.33,  and  were  settled  by  a new 
Note  dated  Nov.  14th,  1851,  bearing  Interest  from  date  ; in  this  Note  was  incorporated 
some  other  Notes  on  demand  for  money  loaned  Mr.  Quincy,  which  were  given  up* 
The  whole  Note  was  for  $212,901.65,  and  the  Interest  due  from  him  to  the  Company 
was  also  included  in  it. 

The  Note  of  Nov.  14th,  1851,  for  $212,901.65,  above  named,  was  partly  paid  as 
follows : 


....  $212,901  65 

$10,000  00 
183,000  00 
2,000  00 

195,000  00 

Leaving  unpaid, $17,901  65 


Amount  of  Note, 
Nov.  22,  1851,  Endorsed  Cash, 

Dec.  1,  “ Stock  Returned,  . 

“ 8,  “ Endorsed  Cash, 


With  Collateral  security  of  $20,000  of  South  Shore  Railroad  Bonds. 


174 


TABLE  V. — (Continued.) 


KEMARKS  UPON  THE  PRECEDING  SETTLEMENT  FOR  STOCK. 

As  the  Stock  of  the  Vermont  and  Canada  Company  earned  an  Interest  of  8 per 
cent,  annually,  it  was  proper  that  a party  buying  it  of  the  Corporation,  if  not  paying 
cash,  but  giving  a Note  foi*  it,  should  allow  Interest  on  the  Note  at  the  same  rate  or, 
what  is  equivalent,  should  not  claim  the  dividend  until  his  Stock  is  paid  for,  except  so 
far  as  he  has  paid  instalments  upon  it.  This  is  customary  in  time  purchases  of  Stock 
and  Bonds  bearing  more  than  6 per  cent.  Interest.  Had  Mr.  Quincy’s  Stock  been  so 
settled  for,  he  should  have  paid  the  Company  as  follows  ; — 


Notes  of 

1849. 
Oct.  1, 

1850. 
Aug.  10, 


Dec.  1, 


1851. 
June  1, 


1849. 
Oct.  1, 

1850. 
Dec.  1, 

1851. 
June  1, 


On  demand,  paid  Nov.  15, 1849,  Simple  Interest,  $69.23, 

On  4 months,  paid  Dec.  13, 1850, 

As  Mr.  Quincy  paid  to  the  Bank  that  discounted  this 
the  amount  of  the  discount,  it  is  in  fact  cash  to  the 
Company  Aug.  10,  1850,  and  therefore  no  Interest  is 
charged  him  here. 

Payable  Oct.  1,  1851,  with  Interest,  finally  settled  Nov. 

14,  1851, 

As  shown  on  the  preceding  page,  and  on  which  the 
Simple  Interest  is  $8,108.97. 

On  demand,  finally  settled  Nov.  14, 1851, 

■ As  shown  on  the  preceding  page,  and  on  which  the 
Simple  Interest  is  $745.50. 

Mr.  Quincy  allowed  Interest  as  follows : 

On  demand,  paid  Nov.  15,  1849,  he  paid  Interest, 

Payable  Oct.  1,  ’51,  with  Int.  f settled  Nov.  14,  ’51,  by 
< Note ; as  before  shown. 
On  demand,  ( he  allowed  Interest,  . . . 


$9,440  00 

10,000  00 


151,860  00 


65,400  00 


$69  23 
11,659  96 


Int.  at  8 per  cent. 
$92  31 


10.811  96 


994  00 


$11,898  27 


$11,729  19 


Amount  of  error  to  debit  of  J.  Quincy,  Jr. 


$169  08 


I 


TABLE  V.  — (Continued.) 


175 


Mr.  Quincy’s  disposal  of  this  Stock  was  as  follows : 


p 

1850. 
Dec.  13, 

Shares. 

100 

Sold  for 

$10,026  33 

1,127  72 
428  00 

1851.  ' 
Jan.  1, 

He  collected  dividend  on  bis  payments, 

“ 25' 

4 

Feb.  13, 

6 

609  73 

May  31,' 
June  9, 

94 

9,796  24 
1,027  50 

10 

“ 10, 

5 

513  75 

“ 17, 

2 

205  50 

“ 26, 

He  collected  dividend, 

320  00 

July  2, 

“ 18, 

'e 

604  08 

5 

512  50 

“ 30, 

35 

3,500  00 
2,000  00 

Aug.  1, 

20 

Sep.  12, 
Nov.  5, 

2 

199  50 

69 

6,744  75 

“ 17, 

3 

309  91 

“ 14, 

He  collected  dividend, 

5,208  00 
7,320  00 
400  00 

Dec.  8, 

((  U U 

“ llj 

u a u 

“ 30, 

u u u 

224  00 

1852. 
Jan.  7, 

1830 

He  had  endorsed  on  his  Note  due  the  Company, 

183,000  00 
1,022  00 

“ 15, 

10 

Feb.  25, 

100 

10,000  00 
950  00 

“ 25, 

10 

Mar.  1, 

56 

5,578  40 

2367 

For  which  (and  in  dividends)  he  received, 

$251,627  91 

Josiah  Quincy,  Jr.’s,  Compensation  as  Treasurer  Vt.  ^ Can.  R.  R.  Co. 


Commenced  Aug.  16th,  1849,  at  $5,000  per  annum. 

Commenced  Aug.  16th,  1851,  at  $500  per  annum. 

Closed  Jan.  5th,  1852. 

Aug.  16th,  1849,  to  Aug.  16th’  1851,  2 years,  a $5,000, $10,000  00 

To  Jan.  5th,  1852,  inclusive,  4|  months,  a $500, 194  45 


Mr.  Quincy  drew  as  follows : 


Jan.  14, 

1850, 

$1,250 

00 

Feb.  20, 

It 

1,250 

00 

July  16, 

it 

1,250 

00 

Sep.  28, 

tt 

1,250 

00 

Nov.  30, 

tt 

1,250 

00 

May  3, 

1851, 

1,250 

00 

“ 27, 

it 

1,250 

00 

Dec.  10, 

it 

1,416 

67 

Mar.  10, 

1852, 

224 

14 

$10,390  81 


$10,194  45 


Amount  of  error  to  debit  of  J.  Quincy,  Jr. 


$196  36 


176 


TABLE  V. — (Continued.) 


Dr.  Josiah  Quincy^  Jr.  in  Loan  Account  with 


Use  of  the  Loans. 

• 

1S50. 

On  demand, . . 

For  his  own  pavments, 

$2,000  00 

Sep.  21, 

U 

((  U li  ' n 

6,000  00 

» 28, 

» 

U 

U U U (( 

6,500  00 

Oct.  3, 

u 

u 

((  it  it  ti 

6,000  00 

u 4 

U il  ll  il 

15,000  00 

“ 5. 

U H ll  ll 

12,500  00 

“ 16, 

u 

U it  it  It 

14,151  60 

Nov.  15, 

u 

it 

it  it  U it 

10,000  00 

“ 18, 

u 

it 

it  a it  it 

6,017  00 

» 22, 

a 

1 

U it  U (( 

8,000  00 

“ 25, 

a 

ti 

ti  it  ti  ti 

2,000  00 

1851. 

Feb.  10, 

u 

u 

((  ll  ll  ll 

10,986  80 

Mar.  1, 

ti 

it 

ti  it  it  it 

3,331  13 

Apr.  15, 

u 

It 

ll  (t  ll  ll 

600  00 

June  2, 

u 

it 

it  it  it  u 

27,100  00 

“ 4, 

u 

it 

To  loan  to  Vt.  Central  Railroad  Company, 

50,000  00 

“ 10, 

a 

it 

For  his  own  pavments, 

6,500  00 

“ 13, 

u 

it 

To  loan  to  Vt.  Central  Railroad  Company, 

10,000  00 

“ 16, 

u 

Si  tt  tt  tt  it  it 

4,000  00 

“ 25, 

(( 

(c  ii  it  tt  it  a it 

9,000  00 

“ 27, 

u 

it 

((  it  u a tt  it  ti 

4,000  00 

“ 30, 

u 

For  his  own  pavments, 

10,000  00 

July  3, 

u 

it 

To  loan  Vt.  Central  Railroad  Company, . . 

19,908  88 

“ 5, 

u 

it 

For  his  own  pavments, 

1,000  00 

Aug.  4, 

(( 

a 

To  loan  Vt.  Central  R^oad  Company,  . . 

2,126  00 

$246,721  41 

The  only  loans  to  this  Company  made  by  !Mr.  Quincy,  are  the  following ; 

April  19, 1850,  Note  on  3 months,  for  $10,000,  due  June  22,  1850,  on  which  3 months 
3 days  discount  were  paid  by  the  Company. 

This  Note  Mr.  Quincy  retained,  getting  his  own  Note  on  the  same  time,  discounted 
at  the  Union  Bank.  The  Note  of  the  Company  was  not  paid  by  them  till  July  31st, 
9 days  after  maturity,  they  paying  the  additional  Interest,  ($15.)  On  the  same  day, 
Mr.  Quincy  took  up  his  own  Note  at  the  bank,  paying  to  them  the  same  Interest 


Dec.  6,  1850,  Note  on  demand  for  $7,500,  paid  June  2G,  1851,  ....  $7,500  00 

Interest  on  do.  for  6 months  and  20  days,  at  8 per  cent 334  00 

$7,834  00 


This  Interest  should  have  been  but  $333.33,  showing  an  error  of  67  cents. 

Mr.  Quincy  paid  this  amount  to  S.  0.  Mead,  June  26th,  having  obtained  from  him 
the  money,  on  his  (Mr.  Quincy’s)  Note,  retaining  that  of  the  Company.  He  paid 
him  however  ^ per  cent,  brokerage,  not  charged  the  Company,  $12.50. 

Amount  of  error  to  credit  of  J.  Quincy,  Jr Sll  83 


TABLE  V.  — (Continued.) 


177 


the  Vermont  and  Canada  Railroad  Company.  Cr. 


Rate  of  Interest. 

Simple  Interest. 

Extra  Interest. 

1850. 

Oct.  31, 

Returned, 

6 per  cent. 

$89  00 

$2,000  00 

“ 31, 

11 

6 per  cent. 

40  00 

6,000  00 

“ 31, 

U 

6 per  cent. 

35  75 

6,500  00 

“ 31, 

“ , 

6 per  cent. 

28  00 

6,000  00 

“ 5, 

u 

0 per  cent. 

00 

15,000  00 

1851. 

Jan.  14, 

u 

10,000  00 

“ 20, 

u 

208  75 

69  58 

2,500  00 

“ 20, 

» 

8 per  cent. 

221  71 

73  90 

14,151  60 

May  3, 

u 

9 per  cent. 

280  00 

140  00 

10,000  00 

1850. 

Dec.  31, 

“ 

6 per  cent. 

43  12 

6,017  00 

“ 31, 

ii 

* 

1,927  88 

1851. 

Jan.  20, 

“ 

8 per  cent. 

72  23 

24  08 

6,072  12 

1850. 

Dec.  31, 

6 per  cent. 

12  00 

2,000  00 

1851. 

May  3, 

a 

9 per  cent. 

151  97 

75  98 

10,986  80 

‘‘  3, 

u 

9 per  cent. 

34  42 

17  21 

3,331  13 

“ 3, 

u 

9 per  cent. 

1 80 

90 

600  00 

Aug.  5, 

a 

50,000  00 

“ 5, 

u 

27,100  00 

“ 5, 

u 

Unknotvn,  . . 

975  21 

289  51 • 

6,500  00 

“ 5, 

10,000  00 

“ 5, 

a 

4,000  00 

“ 5, 

U ' 

3,147  28 

Nov.  14, 

a 

1 

5,852  72 

“ 14, 

li 

4,000  00 

“ 14, 

u 

Unknown, . . 

970  00 

268  80- 

10,000  00 

“ 14, 

a 

19,908  88 

“ 14, 

u 

1,000  00 

“ 14, 

(4 

2,126  00 

$3,163  96 

$959  96 

$246,721  41 

As  this  Company  allowed  their  Stockholders  8 per  cent,  per  annum  on  their 
assessments  paid  in,  if  Mr.  Quincy  borrowed  any  of  this  money,  he  should  pay  them 
Interest  at  that  rate. 


The  simple  Interest  on  the  sums  borrowed,  as  appears  by  the 

above  table,  was $3,163  96 

Add  error  in  Interest  unpaid  on  loan  of  Oct.  4th,  for  $15,000, 

returned  on  the  5th, 2 50 

$3,166  46 


Mr.  Quincy  should  have  paid 


6 per  cent.  Interest, $3,166  46 

2 per  cent,  extra  to  make  8 per  cent,  total, 1,055  49 

$4,221  95 

Interest  actually  paid,  as  shown  in  table  above, $4,123  92 


Balance  to  debit  of  J.  Quincy,  Jr $98  03 


W 


178 


TABLE  V.  — (Continued.) 


Recapitulation  of  Errors  in  Foregoing  Tables. 


To  errors  in  casting  Interest, . 
By  “ “ “ “ 

'Pq  ((  u u u 

ii  U U ii  it 

a u a a u 

“ “ “ stock  Account, . 

“ “ “ casting  Interest,  . 

“ “ “ Salary  Account, . 

By  “ “ Interest  Account, 

•J-Q  « II  H (( 

By  balance  carried  down,. . . . 


To  balance  to  debit  of  J.  Quincy,  Jr. 
To  error  in  casting  Interest  omitted,  . 


§58  04 

1,767  05 
466  92 
662  08 
4,762  50 
169  08 
196  36 

”98  03 


§8,214  80 


§8,144  52 
602  09 


§58  45 


11  83 
8,144  52 
§8,214  80 


§8,746  61 


TABLE  V.  — (Continued.) 


179 


REMARKS  UPON  THE  LOANS  MADE  TO  JOSIAH  QUINCY,  Jr. 

Mr.  Quincy  borrowed  a large  amount  of  the  two  Companies,  while  acting  as 
Treasurer,  for  his  private  use,  as  shown  in  the  preceding  Tables.  From  these  it 
appears  that 


He  borrowed  of  the  Vermont  Central  Railroad  Company  during  this 

time, $745,472  89 

From  the  Vermont  and  Canada  Railroad  Company, ’246,721  41 


Making  from  both  Companies, $992,194  30 

A part  of  the  amount  borrowed  of  the  Vermont  and  Canada,  was 

loaned  to  the  Vermont  Central,  amounting,  as  per  the  Table,  to  99,034  88 


Leaving  the  amount  borrowed  for  his  own  private  account,  ....  $893,159  42 

For  these  moneys  he  never  gave  to  the  Company  any  security,  except  for  the 
“ re-loan  ” they  made  to  him  of  the  amount  due  on  his  Stock  Note.  He  generally  paid 
but  6 per  cent.  Interest  for  the  use  of  these  moneys,  although  they  cost  the  Company 
from  8 to  24  per  cent. 


180 


TABLE  V.  — (Continued.) 


Statement  of  Josiah  Quincy,  Jr.’s,  Liabilities  in  March,  1852,  secured  by 


Notes  of  J.  Q.,  Jr.,  paid  by  the  Company  to  release  their  Bonds  and  Endorsements. 


FIRST  CLASS. 


Notes  due  Peleg  Clark, 

“ “ C.  C.  Litjle, 

“ “ H.  H.  Hunne’well, 

“ “ P.  P.  F.  Degrand, 

“ “ Clement  Willis, 

“ “ S.  Salmond, 

“ “ E.  Richmond, 

“ “ John  Page, 

“ “ Globe  Bank, 

“ “ J.  E.  Thayer  & Bro. . . . 

“ “ Leonard  Foster, 

“ “ S.  G.  Williams  & Son, . 

“ “ Samuel  Avery, 

“ “ Merriam,  Brewer  & Co. 


$3,000  00 

10,000  00 

15.000  00 
13,100  00 

7.000  00 
3,200  00 
2,800  00 
1,600  00 

46,583  00 
109,000  00 

19.000  00 
2,366  22 

1.000  00 

10.000  00 


SECOND  CLA.SS. 


Notes  due  H.  H.  Hunnewell,  . . . . 

“ “ S.  0.  Mead, 

“ “ Richard  Bell, 

“ “ Willis  & Co 

ii  U ((  u 

“ “ S.  G.  Williams  & SoA] 

“ “ S.  Brown  & Sons,  . . . . 
“ “ H.  H.  Hunnewell,  . . . . 
“ “ ?.  P.  F.  Degrand, . . . . 


10,000  00 

15,000  00 

15.000  00 

10.000  00 

5,000  00 

5.000  00 
2,500  00 

26,344  13 

2.000  00 


THIRD  CLASS.  1 

I 


Notes 

(( 

u 


u 

n 

u 


iC 

iC 


n 


due  Greenfield  Bank, 

“ S.  Brown  & Sons,  . . . . , 
“ J.  E.  Thayer  & Bro.  . . 

“ Mervin  & Gould, 

“ J.  Amort^  Davis, 

“ Wm.  F.  ‘Weld, 

U ll 

“ W.  & D.  Moore',!’.’.!'.'.! 

“ J.  S.  Johnson, 

“ J.  Bennett,  

“ S.  G.  Williams  & Son,. 
“ P.  P.  F.  Demand, 

“ H.  F.  Sumner, 

“ N.  Peirce, 

“ S.  G.  Williams  & Son, 

“ Luke  Carter, 

“ Merriam,  Brewer  & Co. 


5,000  00 
11,373  67 

13.000  00 

15.000  00 

5.000  00 

8.000  00 

10,643  10 

2,000  00 

5.000  00 

6.000  00 

5.000  00 

3.000  00 

3.000  00 
12,850  00 

5.000  00 
1,042  38 

3.000  00 

10.000  00 


$458,402  50 


TABLE  V.  — ( Continued.) 


181 


Endorsements  of  the  two  Companies,  and  hy  Vt.  Cent.  R.  R.  Co.’s  Bonds. 


Use  made  of  these  Sums  by  Mr.  Quincy. 


Paid  his  own  private  liabilities,  May  3,  1851. 
“ “ “ “ “ July  8,  ■■ 


July  8 and  28,  and  June  13,  1851. 

Aug.  22  and  Sept.  5. 

Sept.  3,  1851. 

“ 6,  “ 

“ 22,  “ 

Oct.  15,  “ 

Sept.  12,  13,  22,  Oct.  2,  Nov.  22,  and  Dec.  31j  1851. 
June  27  and  Oct.  30,  1851. 

Sept.  13,  1851. 

June  25,  “ 

July  7,  “ 

June  30,  “ 


Paid  to, 

For  loan  to  V.  C.  R.  R.  Co. 

The  Vt. 

Cent,  returned  it  to  Mr.  Quincy^ 

Union  Bank, 

Apr. 

5,  1851, 

Apr.  15,  1851. 

J.  H.  Paine, 

Mar.  21,  “ 

June  27,  “ 

R.  Bell, 

June 

4,  “ 

“ 27,  “ 

Willis  & Co. 

ii 

7,  “ 

“ 27,  “ 

ii 

7,  » 

“ 27,  “ 

Williams  & Son, 

17,  “ 

u 27,  “ 

Brown  & Sons, 

Mar.  26,  “ 

» 27,  “ 

Hunnewell, 

July 

1,  “ 

Aug.  5,  “ 

Union  Bank, 

Aug.  27,  » 

Sept.  16,  “ 

Loaned  V.  C.  R.  R.  Co.,  but  returned  by 

them  to  Mr.  Quincy,  June  27, 1851. 

li  U 

ii  ii 

ii 

ii 

“ “ 27,  “ 

u u 

((  ii 

ii 

(( 

ii 

11  11  27 

u u 

ii 

ii 

ii 

u » 27’  “ 

u u 

ii  ii 

ii 

ii 

ii 

“ “ 27,  » 

u u 

ii  ii 

« 

ii 

ii 

“ Aug.  24,  “ 

ii 

ii  ii 

u 

ii 

ii 

“ June  27,  “ 

U ii 

ii  ii 

ii 

ii 

ii 

“ “ 27,  “ 

u u 

ii  ii 

a 

ii 

ii 

“ “ 27,  “ 

u u 

li  ii 

ii 

ii 

“ Aug.  5,  “ 

i ii 

ii  ii 

ii 

ii 

ii 

“ “ 7,  “ 

it  ii 

ii  ii 

a 

ii 

ii 

» “ 20,  “ 

ii  ii  1 

li  ii 

ii 

ii 

ii 

“ Nov.  12,  “ 

it  ii 

ii  U 

a 

ii 

ii 

“ June  27,  “ 

ii  ii  1 

li  ii 

ii 

ii 

ii 

“ Sept.  16,  “ 

ii  ii 

li  u 

a 

ii 

ii 

“ Nov.  12,  “ 

U ii 

ii  ii 

ii 

ii 

ii 

“ “ 12,  “ 

ii  ii 

ii  a 

a 

ii 

ii 

“ “ 12,  “ 

An  explanation  of  this  Table  will  be  found  in  the  Report,  page  94. 


182 


TABLE  V.  — (Continued.) 


\ 


FINAL  STATEMENT  CONCERNING  MR.  QUINCY’S  CONNECTION 
WITH  THE  COMPANY. 

It  being  proper  that  the  members  of  the  Company  should  be  fully  acquainted  with 
all  the  circumstances  connected  with  Mr.  Quincy’s  pecuniary  transactions,  and  with 
their  result,  these  are  now  presented  in  concise  form  for  their  consideration.  It  is 
found  that  all  funds  raised  by  Mr.  Quincy,  either  as  Treasurer  or  in  his  private 
capacity,  have  been  refunded  to  him,  with  Interest,  simple  and  extra.  Commissions, 
&c.  That  his  charges  for  rent  and  clerk  hire  have  been  paid.  That,  although  he 
loaned  comparatively  nothing,  from  his  private  funds,  to  the  Companies,  he  borrowed 
from  them,  during  his  connection  with  them,  nearly  $900,000 ; and  that  he  further 
raised  upon  their  property  and  credit,  over  $450,000,  making  together  the  sum  of 
$1,350,000. 


TABLE  VI. 


I 


STATEMENT  RESPECTING  OFFICERS. 


} 


I 


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TABLE  VI. 


STATEMENT  RESPECTING  OFFICERS  OF  THE 
CORPORATION, 


The  following  statement  represents  moneys  paid  to  and  services  rendered  by 
Messrs.  John  Peck,  John  H.  Peck,  James  C.  Dunn,  J.  P.  Putnam,  Charles  Paine, 
and  C.  O.  Whitmore.  The  accounts  with  these  gentlemen  are  selected,  because  the 
attention  of  the  public  has  been  specially  directed  to  them.  The  Committee  do  not 
find  that  any  charges  worthy  of  comment  were  made  by  the  other  Directors ; they 
however  were  repaid  their  expenses  and  allowed  to  charge  $5  per  day  for  their  time 
when  engaged  in  the  service  of  the  Corporation. 


JOHN  PECK,  of  Burlington,  Vt. 

Who  was  appointed  Director  at  the  formation  of  the  first  Board 
of  Directors,  and  held  that  office  until  Dec.  31,  1850  — 5 years,  5 
months,  9 days. 


1845,  Oct.  31, 

Travelling  Expenses,  Board  and  Time, 

$70  18 

1846,  Apr.  17, 

U 

U (4 

(4 

88  30 

1847,  Oct.  31, 

44  44 

44 

125  99 

1850,  June  14, 

ii 

44  44 

44 

399  17 

1851,  Dec.  4, 

(C 

44  44 

44 

120  34 

1852,  Sept.  8, 

u 

44  44 

44 

950  00 

$1,753  98 


JOHN  H.  PECK,  of  Burlington,  Vt. 

Appointed  Director  Dec.  31,  1850,  and  who  is  now  a member  of 
the  Board  — 2 years,  6 months. 

1852,  Jan.  28,  Travelling  Expenses,  Board  and  Time, 

Apr.  26,  “ “ “ “ 

June  24,  “ “ “ “ 

Oct.  8,  » “ “ “ 


For  Vermont  and  Canada  R.  R.  Co. 
For  Endorsements  and  Services  as  Director, 


$549  21 
160  44 
202  61 
183  91 


$1,096  17 


6,023  26 
$6,119  42 


X 


186 


TABLE  VI.  — (Continued.) 


Statement  respecting  Officers  of  the  Corporation. 


CHAKLES  PAINE,  of  Northfield,  Vt. 

Appointed  President  at  the  organization  of  the  Company,  and  con- 
tinued to  hold  that  office  tUl  Apr.  29, 1853  — 7 years,  9 months,  9 
days. 


1845,  Oct.,  Trayelling  Expenses,  Board,, 

Nov.,  “ “ “ 

Dec.,  “ “ “ . 

1846,  Jan.,  “ , “ “ • 

Feb.,  “ “ “ . 

Mar.,  “ “ “ 

Apr.,  “ “ “ 

May;  » » “ , 

July,  “ “ “ 

Sept., 

Dec  “ “ “ 

1847,  Apr!’, 

Sept., 

1848,  Feb., 

May,  “ “ “ . 

Aug., 

Dec  “ “ “ 

1849,  Apr.;  “ “ “ 

June,  “ ^ “ “ 

Oct.,  “ “ 

Nov.,  » “ “ 

1850,  Jan.,  “ “ “ 

Mar.,  “ “ “ 

May, 

June,  “ “ “ 

Oct.,  “ “ “ 

Dec.,  “ “ “ 

1851,  Mar.,  “ 

Sept., 

Nov., 

Dec., 

1852,  Mar.,  “ “ “ 

June, 


S70  22  I 
48  62 
58  79 

45  25 

19  99 
27  25 
53  50 

20  50 
38  62 
55  50 

62  75 

63  75 
109  25 
100  00 

83  46 
113  70 

71  82 
212  25 

87  65 
138  00 

46  25 

72  97 
60  62 

101  55 
83  75 
191  50 
53  50 
263  07 
186  45 
85  63 
221  50 
77  00 
173  37 


/ 


$3,098  03 


For  Vermont  and  Canada  R.  R.  Co. 


For  Commissions  on  $705,413.40  endorsement  of  the  Company’s 

paper,  one-fifth  of  two  and  one-half  per  cent 

For  Services  and  Expenses  as  Director, 

For  Interest  on  above  from  July  1,  1851, 


$3,527  06 
7,000  00 
1,157  97 


$11,685  03 


$14,783  06 


Mr.  Paine  has  also  received, 

Apr.  30, 1851,  for  land  and  buildings,  in  Northfield, 

(The  above  sum  was  given  him  in  accordance  wuth  votes  passed 
Nov.  26,  1850,  and  Jan.  16, 1851.) 


$26,000  00 


He  has  received  as  a salary  from  this  Company,  as  its  President 
from  July  12,  1845,  to  Dec.  12,  1852,  (7  years,  5 months,)  at 
$5,000  per  year, 

(Mr.  Paine  did  not  draw  for  any  salary  from  Dec.  12, 1852,  up  to 
the  29th  of  April,  1853,  at  which  time  he  relinquished  his  office.) 


$37,083  33 


TABLE  VI.  — (Continued.) 


187 


Statement  respecting  Officers  of  the  Corporation. 


J.  P.  PUTNAM,  of  Boston. 

Appointed  Director  May  10,  1850,  and  held  that  ofl&ce  till  Oct.  6, 
1852  — 2 years,  4 months,  25  days. 


1850,  Aug.  24, 

Travelling  Expenses,  Board  and  Time, 

$48  12 

Oct.  7, 

(( 

Li 

LL 

LL 

19  85 

Nov.  8, 

U 

Li 

LL 

LL 

27  78 

Nov.  13, 

Li 

LL 

LL 

LL 

13  09 

Dec.  9, 

Li 

LL 

LL 

6 07 

1851,  July  8, 

LL 

(( 

LL 

LL 

173  63 

Dec.  29, 

Li 

a 

LL 

LL 

205  40 

1852,  Apr.  5, 

Li 

u 

LL 

LL 

61  15 

July  6, 

Li 

u 

LL 

LL 

85  62 

Oct.  4, 

Li 

u 

LL 

LL 

181  00 

$821  71 


1851,  Jan.  8,  Professional  Services, 
Jan.  17, 

Apr.  12,  “ “ 

July  8, 

Dec.  29,  “ 

1852,  Mar.  9,  “ “ 

Apr.  5,  “ “ 

July  6,  “ “ 

Oct.  4, 


$209  38 
157  00 
173  82 
73  44 
572  99 
300  00 
341  21 
487  48 
686  36 


For  Vermont  and  Canada  R.  E.  Co. 
1850,  Nov.  19, 


Of  the  above  amount,  a very  large  portion  consists  of  pajnnents, 
for  professional  services  rendered  by  Mr  Putnam  to  the  Corporation 
as  its  solicitor.  In  regard  to  these,  the  Committee  find  that  the 
services  performed  by  Mr.  Putnam  were  of  much  value  to  the  Com- 
pany, that  it  was  expressly  understood  that  they  were  to  be 
rewarded  upon  the  usual  scale  of  professional  compensation,  and 
they  are  satisfied  that  the  amount  charged  by  him  is  not  only 
reasonable,  but  moderate.  The  balance  of  Mr.  Putnam’s  account 
is  confined  to  sums  actually  expended,  and  to  his  allowance  of  $5 
per  day,  before  alluded  to,  which  he  received  in  common  with  the 
other  Directors. 


64  28 


$3,065  96 
$3,887  67 


JAMES  C.  DUNN,  of  Boston. 

Appointed  Director  Nov.  26,  1850,  and  held  that  office  till  Oct.  5, 
1852 — 1 year,  10  months,  9 days. 

1849,  June  14,  Travelling  Expenses,  Board  and  Time, 

1851,  July  18,  “ “ “ “ 

1852,  Feb.  26,  “ “ “ “ 


$48  50 
211  75 
148  25 


$408  50 


1851,  Mar.  31,  Commission  on  Sale  of  Bonds,. 
Aug.  8,  “ “ “ . 

Dec.  30,  » “ “ . 


$2  50 
27  50 
537  50 


$567  50 
$976  00 


188—348 


TABLE  VI.  — (Continued.) 


Statement  respecting  Officers  of  the  Corporation. 


C.  0.  WHITMORE,  of  Boston, 


Appointed  Director  April  2,  1850,  and  held  that  office  till  March 
9, 1853  — 2 years,  11  months,  7 days. 

1851,  Jan.  19,  Travelling  Expenses,  Board  and  Time, 

Aug.  9,  “ “ “ “ 


$153  00 
209  00 


$362  00 


1852,  Feb.  28,  Services  as  Chaii-man  of  Finance  Committee  during 
7 months,  at  $5,000  per  year,  the  remainder  being  charged 

to  Vermont  and  Canada  Road,  

Dec.  8, 1851,  For  services  as  Chaurman  of  the  Finance  Committee,. 

(When  jMr.  Whitmore  was  appointed  to  this  office,  it  was  voted 
that  compensation,  at  the  rate  of  $5,000  per  year,  should  be  paid  to 
him  for  his  services  in  that  capacity.) 

Mr.  Whitmore  also  received  from  the  Vermont  and  Canada  Rail- 
road Company: 

Feb.  28,  1850,  Commission  of  1 per  cent,  on  sale  of  $460,700.00  of 
Stock  in  that  Company, 


787  79 
2,128  88 


4,607  00 


(The  Directors  of  the  Vermont  and  Canada  voted  to  pay  Mr. 
Whitmore  this  commission,  when  the  Stock  was  placed  in  his  hands 
for  sale.) 


$7,885  67 


It  having  been  publicly  stated  that  this  Director  had  borrowed 
money  belonging  to  the  Company,  without  paying  Interest  therefor, 
a statement  of  the  transactions  so  alluded  to  is  given. 


On  Cash  Book  is  found: 

Dec.  11, 1851,  pd.  C.  0.  AVhitmore  for  Note  on  demand,  without  Int. 

u ^2 

t(  ‘‘  ‘‘  “ ‘‘  “ “ “ “ 


$35,000  00 
10,000  00 
13,742  09 


$58,742  09 


Dec.  12, 1851,  received  of  C.  0.  Whitimore,  endorsed  on  his  Note,. . 

u 24  “ ‘‘  ‘‘  “ 


These  loans  were  effected  for  the  purpose  of  protecting  the  Com- 
pany against  an  attachment  of  these  funds.  Although  Mr.  Whit- 
more gave  his  Notes  to  the  Company  for  the  above  amount,  the 
money  thus  received  by  him  was  deposited  in  'the  Bank  by  them, 
and  they  held  for  these  deposits  a separate  book  of  deposit,  and  kept 
it  in  their  own  possession.  Mr.  Whitmore,  when  the  Company  re- 
quired this  money,  signed  checks  for  it,  and  received  back  in  ex- 
change the  Notes  he  had  given.  He  made  no  use  of  this  money  of 
which  the  Committee  are  aware,  and  it  was  not  deposited  with  his  own. 


$10,013  33 
48,728  76 


$58,742  09 


